Wall Street Journal: Coke in Talks to Buy Monster Beverage
From The Wall Street Journal:
Coca-Cola Co. is in talks to acquire Monster Beverage Corp., a move that could help the world's biggest soft drinks maker expand its presence in the growing energy-drinks market, people familiar with the matter said.
An acquisition of Monster Beverage—whose market capitalization topped $13 billion as its share price leaped on the news—would be the largest brand acquisition for Coca-Cola.
Monster has been experiencing record growth, reporting fourth quarter gross sales last year increased 28% to $467.3 million, compared to the same period last year. Fourth-quarter net income increased 31% to $64.5 million.
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