Deals
Monster Rises After WSJ Reports Coca-Cola Takeover Talks
This article is for subscribers only.
Monster Beverage Corp. surged the most in almost eight years after the Wall Street Journal reported Coca-Cola Co. is in talks to buy the maker of energy drinks.
The shares rose 17 percent to $76.60 at 2:31 p.m. in New York after climbing as much as 28 percent, the biggest intraday gain for Corona, California-based Monster since May 7, 2004. Atlanta-based Coca-Cola fell 0.5 percent to $76.24.