The Coca-Cola Company and Monster Beverage Corporation announced today the closing of the previously announced strategic partnership related to an equity investment, business transfers and expanded distribution in the global energy drink category. As a result of the transaction, The Coca-Cola Company now owns an approximate 16.7% stake in Monster.
Monster Beverage (MNST) has always been a very popular stock in the investment community as the company enjoys an enviable position on the energy drinks market. On top of that every once in a while, the M&A rumours with Coca-Cola (KO) re-surface.
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