Tag: Monster Beverage

Coca-Cola pays $2.2 billion for major stake in Monster Beverage

(Reuters) – Coca-Cola Co (KO.N) said Thursday it is making a cash payment of $2.15 billion for a 16.7 percent stake in Monster Beverage Corp (MNST.O) as the world’s largest soda maker seeks to expand into faster-growing categories such as energy drinks. Under the agreement, Coke will have two directors on Monster’s board. Coke will transfer ownership of its worldwide energy business including brands like Full Throttle and Burn, to Monster. Monster will transfer its […]