Deals
Coca-Cola Nears Deal Valuing BodyArmor at $8 Billion
- Soft-drink giant is poised to obtain a controlling stake
- Transaction could be finalized in coming weeks, person says
Photographer: Tim Warner/Getty Images
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Coca-Cola Co. is close to buying a controlling stake in the sports-drink maker BodyArmor in a deal that values the company at about $8 billion, according to people with knowledge of the matter.
A transaction could be finalized in coming weeks, said one of the people, who asked not to be identified discussing private information.