Coca-Cola Denies Discussions to Acquire Monster Beverage

Coca-Cola Co. said it isn’t in discussions to buy Monster Beverage Corp. after the Wall Street Journal reported the companies were in talks. Monster fell after posting the biggest intraday gain in almost eight years.

Monster dropped 0.8 percent to $65 in New York after climbing as much as 28 percent, its biggest intraday gain since May 7, 2004. The Corona, California-based company still has risen 41 percent this year.