Arab Israeli Conflict
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The average price of each transaction fell by about 38%, but there was a slight 9% in the number of transactions this year, up to 131 M&A deals.
PepsiCo will now have a chance "to reach consumers beyond the bottle," said PepsiCo President Ramon Laguarta in a statement.
The deal represents the second largest sale or "exit" of an Israeli company, only surpassed by Intel's purchase of Mobileye for $15.3 billion in 2017.
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