Monday, Jun 18, 2018
One of America's Great Newspapers ~ Toledo, Ohio


Monster Beverage soars on report of buyout

NEW YORK — Monster Beverage Corp.'s shares soared Monday on a report that Coca-Cola Co. was considering buying the energy-drink maker, but the world's biggest soft-drink maker denied discussions were under way.

The Wall Street Journal cited unnamed people in reporting that Coca-Cola was in talks to buy Monster. Monster would be Coca-Cola's largest brand acquisition ever. Coca-Cola said late Monday that no such discussion is in process.

Shares of Monster spiked early in the day to a record high of $83.96, 27 percent above their previous 52-week trading high of $65.94, reached last week. The stock closed down 53 cents, however, at $65. Shares of Coca-Cola fell 31 cents to close at $76.32.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…