The Traderszone Network

Published in TZ Latest News 15 August, 2014 by The TZ Newswire Staff

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

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 non-energy business, which includes Hansen’s Natural Sodas and Peace Tea, to Coke.