This is one of those rumors that may actually come true – the WSJ is reporting Monster Beverage (MNST) is in talks to be acquired by Coca Cola (KO). I posted a story via Bloomberg to this angle in early March [Mar 12, 2012: Bloomberg Looks at Monster Beverage as Takeover Candidate] At over $11B market cap, this would be the largest takeover in Coca Cola's history.
EDIT 11:57 AM – MNST has re-opened up 26%, near $83.
EDIT 12:05 PM – MNST halted again at $75, I think a circuit breaker tripped since the trading has become so volatile.
EDIT 12:20 PM – from the story it does not sound "definitive" however.
- The company, whose chief executive Rodney Sacks is in his early 60s, revived efforts to sell itself more recently, they added. In recent months, Monster again reached out to potential buyers and Coca-Cola decided to take a serious look, conducting due diligence, people familiar with the matter said. It is unclear whether a deal will ultimately be struck between Coca-Cola and Monster and if so, when. It's also possible other suitors could re-emerge.
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