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.