Wall Street Journal: Coke in Talks to Buy Monster Beverage

From The Wall Street Journal:

Coca-Cola Co. is in talks to acquire Monster Beverage Corp., a move that could help the world's biggest soft drinks maker expand its presence in the growing energy-drinks market, people familiar with the matter said.

An acquisition of Monster Beverage—whose market capitalization topped $13 billion as its share price leaped on the news—would be the largest brand acquisition for Coca-Cola.

Monster has been experiencing record growth, reporting fourth quarter gross sales last year increased 28% to $467.3 million, compared to the same period last year. Fourth-quarter net income increased 31% to $64.5 million.

...

For the full article, visit www.wsj.com.

Suggested Articles

More than ever, we need Congress to help our independent restaurants which are proven to be a foundation of the U.S. economy.

The list has extended to several states and even more counties as COVID-19 cases rise.

The latest data shows U.S. jobless claims at 1.5 million, a small decrease from the previous week.