Consumer
Monster Moves Closer to Buying Bang Energy After FTC Ends Review
- FTC granted early termination of its deal review, Monster says
- Monster deal would avert potential liquidation of Bang Energy
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Monster Beverage Corp. is moving forward with its $362 million acquisition of its bankrupt rival Bang Energy after a federal antitrust regulator ended its review that could have quashed the proposed deal.
The US Federal Trade Commission informed Monster and Bang’s parent Vital Pharmaceuticals Inc. that it’s granting early termination of its merger review process, according to a spokesperson for Monster.