Monster (MNST) Stock Soars As Coke (KO) Buys Large Stake
August 16, 2014 at 06:06 AM EDT
Monster Beverage Corp. (MNST) shares soared as much as 32% to $93.49 in after-hours trading Friday after Coca-Cola (KO) said it will pay $2.15 billion in exchange for a 16.7% stake in energy-drink maker – an investment that Coca-Cola could eventually increase to 25%. The move is part of a blockbuster deal that will see […] View the full post at: Monster (MNST) Stock Soars As Coke (KO) Buys Large Stake Related posts: Chinese Regulators to Review Coca-Cola’s $2.4 Billion Bid for Huiyuan Juice Group Alibaba Ready To Buy Back Yahoo Stake The Health Care Bill Introduces Large Taxes on Firm Growth