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Barchart
Barchart
Wajeeh Khan

Pepsi Is Doubling Down on Celsius. Should You Follow Suit and Buy CELH Stock Here?

Celsius (CELH) shares closed higher on Friday after beverage giant PepsiCo (PEP) raised its stake in the fitness and energy drinks specialist to 11%. 

PepsiCo has spent some $585 million to acquire 5% of Celsius Holdings’ newly issued convertible preferred stock, the companies confirmed in their joint press release today. 

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