Coca-Cola Company has agreed to purchase a 16.7 percent stake in Monster Beverage Corporation for $2.15 billion in cash as it looks to accelerate its growth in the booming energy drink business.
As part of the deal, Coca-Cola would transfer its worldwide energy business—which includes brands like NOS, Full Throttle, Burn and Relentless—to Monster, and appoint two people to Monster’s board of directors. In exchange, Monster would issue to Coca-Cola 16.7 percent of its common stock shares and transfer its nonenergy business—including Hansen’s Natural Sodas, Peace Tea and Hubert’s Lemonade—in hopes of expanding their distribution globally.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
