Monster Beverage (MNST) Approves New $250 Million Share Repurchase Program

Monster Beverage Corporation (NASDAQ: MNST) today announced that its Board of Directors has authorized a new share repurchase program for the repurchase of up to $250 million of the Company’s outstanding common stock. As $250 million remains available for grant under the Company’s prior repurchase plan, the aggregate amount available to repurchase the Company’s common stock is currently $500 million. The Company expects the share repurchases to be made from time to time in the open market or through privately negotiated transactions, or otherwise, subject to applicable laws, regulations and approvals. The timing of the share repurchases will depend on a variety of factors, including market conditions, and share repurchases may be suspended or discontinued at any time.

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