Pepsi is Indeed Buying Poppi for $2 Billion; What’s Next?

Dear Client: Right about the time we ran news of PepsiCo allegedly buying Poppi for a cool $1.5 bill yesterday, the company issued a release confirming the deal – at an even higher price tag. PepsiCo. announced it entered into a “definitive agreement” to acquire the prebiotic soda brand for $1.95 billion, “including $300 million of anticipated cash tax benefits for a net purchase price of $1.65 billion.”  The transaction also includes an additional potential earnout consideration "subject to the