Monster Beverage (MNST) Higher on Takeover Chatter
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Monster Beverage Corporation (NASDAQ: MNST) sees upside on renewed takeover chatter. Shares are up 3 percent, but off the highs. Partner Coke (NYSE: KO) remains the rumored suitor.
Shares of MNST have had a rough 6-8 months on regulatory fears.
Recently the company changed the labeling of its energy drink from supplement to food. Some speculate, this could have been a necessary change before Coke was prepared to make a bid.
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Shares of MNST have had a rough 6-8 months on regulatory fears.
Recently the company changed the labeling of its energy drink from supplement to food. Some speculate, this could have been a necessary change before Coke was prepared to make a bid.
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