Jones Soda to Merge
The local soft-drink company has signed a letter of intent with Los Angeles-based Reed’s Natural Soda.
Posted by: Jessica Voelker on Mar 09, 2010 at 11:33AM
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Can’t say this comes as a surprise. Struggling Seattle soda company Jones has signed a letter of intent to merge with Reed’s Natural Soda, a Los Angeles-based organic soft drink company.
According to MSN.Com:
“The non-binding provisions of the LOI contemplate a merger transaction in which Reed’s would acquire Jones Soda for a combination of cash and Reed’s common stock.”
Alaska Airlines recently dropped Jones Soda, which it was serving on flights, in favor of Coca-Cola.
Tags: South Lake Union, Locally Made, Soda
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