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Investors Try To Put Cap Back On SodaStream-Pepsi Deal

Law360 (September 14, 2018, 4:16 PM EDT) -- SodaStream International Ltd. shareholders filed a proposed class action Thursday in New York federal court aiming to block the company’s $3.2 billion merger with PepsiCo Inc., arguing the fizzy-water maker hasn’t disclosed its board’s potential conflicts of interest.

The complaint in the Eastern District of New York singles out Daniel Birnbaum, SodaStream’s chief executive officer, saying that the company concealed his negotiations with Pepsi regarding his compensation following the planned mega-merger.

The nature of Birnbaum’s negotiations are one of several key disclosures illegally omitted from SodaStream’s...
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Case Information

Case Title

Zucker v. SodaStream International Ltd. et al


Case Number

1:18-cv-05180

Court

New York Eastern

Nature of Suit

850(Securities/Commodities)

Date Filed

September 13, 2018

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Companies

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