The report said Pepsi could be willing to pay as much as $95 a share for SodaStream, which makes at-home carbonation systems.
SodaStream went public in 2010. The stock closed Wednesday at $69.35.
AT&T (T) is in discussions with the Chernin Group about mounting a joint bid to acquire the Hulu premium video site, AllThingsD reported, citing sources close to the telecommunications giant. Chernin Group, the investment and media company, is run by former News Corp. (NWSA) Chief Operating Officer Peter Chernin, who was integral to the founding of Hulu, according to AllThingsD. Chernin made an initial bid in the lower $500 million range for Hulu, sources familiar with the situation said, but it is likely to be higher as the auction for the video site evolves, AllThingsD reported. Beat the S&P With 5 Stocks Everyone Else Hates
Costco Wholesale (COST), the warehouse retailer, said same-store sales in May rose 5%, below analysts' estimates of 5.5%. Net sales in May rose 7% to $8.13 billion from a year earlier.
Procter & Gamble (PG) reorganized its business into four new divisions, the first big change at the consumer products giant since A.G. Lafley returned as CEO about two weeks ago. Each of the four divisions will be headed by a group president, expanding the responsibilities for four current executives. The move is one of Lafley's tasks is to create a succession plan.
J. M. Smucker (SJM), the maker of jams and jellies, is forecast to report on Thursday fiscal fourth-quarter earnings of $1.16 a share on revenue of $1.34 billion.
Retailer Ann (ANN) is expected to post first-quarter earnings of 42 cents a share.
-- Written by Joseph Woelfel
>To contact the writer of this article, click here: Joseph Woelfel >To submit a news tip, send an email to: firstname.lastname@example.org.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV