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Celsius Holdings Stock Pops on PepsiCo Acquisition Speculation

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Shares of beverage company Celsius Holdings (NASDAQ: CELH) were up 11% as of 2:40 p.m. ET on Thursday after Stifel analyst Mark Astrachan suggested that industry giant PepsiCo (NASDAQ: PEP) could move to acquire the company, according to The Fly. For its part, Pepsi stock was little changed on the news, up just 1%. Smaller players often have to sign distribution agreements with the bigger players, which was the case for an energy-drink player that's been gaining market share: Bang.

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