01
May
2012
Coke and Monster: What was That?
The Coca-Cola Company was compelled to release a short statement yesterday denying that it was “at this time, not in dicussionss” to acquire energy-drink maker Monster Beverage Corp.
Monster shares spiked on a report in the Wall Street Journal that Coke was exploring a deal for the company, only to fall back once Coke issued its statement.
It appears the WSJ wants to claim credit both for breaking the story about a possible deal an...
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