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Coke to buy stake in Monster
Coke to buy stake in Monster

Coca-Cola Co., the world's largest beverage company, is targeting the increasingly buzzy energy drink market by taking a minority stake in a key industry player, Southland company Monster Beverage Corp. In what one analyst called a "blockbuster deal," Atlanta-based Coke will pay $2.15 billion in cash for a 16.7% stake in the Corona business. If regulators approve the deal, Coke will transfer its energy drink brands — such as NOS, Full Throttle and Burn — to Monster and claim two seats on the smaller company's board. Monster, known as Hansen Natural Corp. until 2012, will hand over non-energy drink brands such as Hansen's Natural Sodas and...

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