Monster Beverage (MNST) PT Lowered to $56 at Roth/MKM

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Go back to Monster Beverage (MNST) PT Lowered to $56 at Roth/MKM

Monster Beverage Corporation Announces Final Results of Tender Offer

June 10, 2024 6:30 AM EDT

Monster Will Acquire 56,603,773 Shares at $53.00 Per Share

CORONA, Calif., June 10, 2024 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (Monster) (NASDAQ: MNST) announced today the final results of its modified Dutch auction tender offer, which expired at 11:59 p.m., New York City time, on June 5, 2024.

Based on the final count by Equiniti Trust Company, LLC, the depositary for the tender offer, a total of 119,018,767 shares of Monsters common stock were validly tendered and not validly withdrawn at the final purchase price of $53.00 per share or as purchase price tenders, which includes... More