
Celsius Holdings shares have fallen over 39% this year, making the $7 billion company an attractive acquisition target for major beverage firms. Despite a decline in its flagship Celsius brand, the company holds a strong portfolio with two billion-dollar brands and a 20% share of the U.S. ready-to-drink energy market. Potential buyers include PepsiCo, which already distributes Celsius and holds an equity stake, Coca-Cola, Monster Beverage, and private equity firms. No deals are confirmed yet, but strategic moves could be announced in upcoming earnings calls.