Beyond Meat spikes 39% after it forms partnership with Pepsi

Beyond Meat spikes 39% after it forms partnership with Pepsi to develop plant-based snacks
insider@insider.com (Insider Inc.)
© Brendan McDermid/Reuters
than Brown, founder and CEO of Beyond Meat, prepares to ring the opening bell to celebrate his company's IPO at the Nasdaq Market site in New York, U.S., May 2, 2019. Brendan McDermid/Reuters
Beyond Meat spiked as much as 39% on Tuesday after it announced a partnership with Pepsi.
The two companies will work together to develop plant-based snacks and beverages.
Financial terms of the partnership were not disclosed.
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Shares of Beyond Meat spiked as much as 39% on Tuesday after the alternative meat company formed a partnership with Pepsi to develop plant-based snacks and beverages.

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