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PepsiCo (PEP) closed at $148.65 in the latest trading session, marking a +1.14% move from the prior day.
PepsiCo is upping its stake in Celsius to 11%. The move consolidates distribution for Celsius and give PepsiCo an energy boost, reports Bloomberg's Crystal Tse.
John Fieldly, Celsius Holdings CEO, joins CNBC's 'Squawk on the Street' to discuss the company's new deal with PepsiCo, areas of growth, and much more.
Celsius Holdings Inc (NASDAQ:CELH) stock is trading at 52-week highs today, after PepsiCo (PEP) increased its stake in the energy drink name through a $585 million deal.
PepsiCo Inc (NASDAQ:PEP, ETR:PEP) reported on Friday that it has increased its ownership interest in Celsius Holdings (NASDAQ:CELH)in a $585 million convertible preferred stock deal. After the conversion, PepsiCo will own about 11% of Celsius.
PepsiCo (PEP) is leaning further into energy drinks, increasing its stake in Celsius Holdings (CELH) to 11% in a $585 million deal.
The soda maker's director of fleet engineering and sustainability says improving technology is driving better use of zero-emission trucks.
PepsiCo Inc. is deepening its investment in Celsius Holdings Inc. with a $585 million transaction designed to expand the distribution and strategic reach of the fast-growing energy drink company, Bloomberg reported, citing sources familiar with the matter.