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Monster Beverage shares soar 30% after Coke deal announced
Monster Beverage shares soar 30% after Coke deal announced

Shares of energy drink maker Monster Beverage Corp. got a jolt after Coca-Cola Co. agreed to take a minority stake in the Corona company. Monster shares soared $21.84, more than 30%, to $93.49 Friday, a day after the deal was announced after the close of trading. The companies said Coca-Cola will take a 16.7% stake in Monster, as part of a $2.15-billion all-cash deal. Monster and privately owned Red Bull dominate the growing energy drink market, while Coke and rival PepsiCo have struggled to break through with brands of their own. Regulators still must approve the Coke-Monster deal. If they do, the Atlanta beverage giant will transfer its energy drink brands—such as NOS, Full...

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