The Coca-Cola Company (KO) and Monster Beverage Corporation (MNST) announced today the closing of the previously announced strategic partnership related to an equity investment, business transfers and expanded distribution in the global energy ...
Monster Beverage Corporation (NASDAQ: MNST) shares are down almost 6 percent after peaking at $155.81 on August 3. UBS analyst Stephen Powers maintained a Buy rating for the company, with a price target of $166.
Monster Beverage Corporation has a strong outlook for overseas growth. The deal with Coca-Cola closed recently, and now Monster is negotiating distribution rights with overseas bottlers and distributors in Coca-Cola's network.
Beastie Boys have been granted a further $668,000 (�442,000) in legal fees, following a dispute with Monster Beverage Corp. Last year, the hip-hop trio were given $1.7 million (�1.01 million) after winning their case against the energy drink company.