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Coca-Cola In Talks To Buy Monster Beverage Corp

Monster is worth 11 billion

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Coca-Cola In Talks To Buy Monster Beverage Corp
[ Business]

It was reported today by the Wall Street Journal that Coca-Cola is considering buying energy drink maker Monster Beverage Corp. On news that Coca-Cola was looking into the acquisition, Monster’s stock went up 11% pushing Monster’s market value to $11 billion. If Coca-Cola pulled this off it would be the largest ever acquisition for the world largest beverage maker.

When asked about the possible purchase, a Monster spokesperson said, “it is the company’s policy not to comment on rumors.”

This is not the first time in the last few years that rumors have circulated regarding Coca-Cola’s acquisition of Monster, due to the fact that Coca-Cola distributes the energy drink.

The purchase of Monster by Coca-Cola would prove to be difficult because of the price tag attached. At $11 billion, any company in America would be hard pressed to come up with that kind of cash.

Update:

After trading for the day had ended, Coca-Cola was asked about a possible take over of Monster and this is what they had to say: “We are not in discussions to acquire the Monster Beverage Corporation.” They will consider a partnership but are not trying to acquire them.

Update: Coca-Cola says it’s not in talks to buy Monster Beverage. $20 gain in $MNST shares evaporates. 19 minutes ago via Twitter for iPhone ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

Coca Cola says it’s not in discussions to buy Monster Beverage, blames “Assy” taste. 20 minutes ago via Echofon ·  Reply ·  Retweet ·  Favorite · powered by @socialditto

Coca-Cola In Talks To Buy Monster Beverage Corp
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