Monster Beverage Executives Reap $449 Million From Buyback Offer
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Monster Beverage Corp. has paid two top executives a combined $449 million in exchange for about 2.88 million shares purchased as part of a tender offer announced last month.
The Corona, California-based company paid Chief Executive Officer Rodney Sacks and Chief Financial Officer Hilton Schlosberg $156 per share, according to regulatory filings. The two jointly own most of their stakes in the energy-drink maker through a number of limited partnerships.