Atlanta-based The Coca-Cola Company (NYSE: KO) prepares to assume 16.7 percent in California-based Monster Beverage Corp, as the energy-drink company continues to fend off lawsuits.
Coke announced in August 2014 the beverage giant had formed a long-term strategic partnership that is expected to accelerate growth for both companies in the fast-growing, global energy drink business, Atlanta Business Chronicle reported at the time.
Coke’s $2.15 billion deal is expected to close in early June, The…
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