PepsiCo Bets Big On Prebiotic Sodas With $1.95 Billion Poppi Acquisition: Details

On Monday, PepsiCo, Inc. (NASDAQ:PEP) announced its plan to acquire the popular prebiotic soda brand, Poppi, in a deal worth $1.95 billion.

This includes $300 million in expected tax benefits, reducing the net purchase price to $1.65 billion. The acquisition also comes with an additional earnout consideration based on achieving specific performance goals after the transaction’s closure.

“More than ever, consumers are looking for convenient and great-tasting options that fit their lifestyles and respond to their growing interest in health and wellness. poppi is a great complement to our portfolio transformation efforts to meet these needs,” said Chairman and CEO Ramon Laguarta.

Poppi’s ...