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Monday, 30 April 2012
Monster Rises After WSJ Reports Coca-Cola Takeover Talks
Monster Beverage Corp. (MNST)
surged the most in almost eight years after the Wall Street Journal reported
Coca-Cola Co. (KO)
is in talks to buy the maker of energy drinks.
The shares rose 21 percent to $79.50 at 12:11 p.m. in
New York
after climbing as much as 28 percent, the biggest intraday gain for Corona, California-based Monster since May 7, 2004. Atlanta-based Coca-Cola fell 0.5 percent to $76.24.
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