Coca-Cola Denies Monster Acquisition Rumors

Coca-Cola (NYSE: KO) has denied rumors reported in the Wall Street Journal that it is in talks to acquire Monster Beverage Corp. (NASDAQ: MNST). Similar rumors were reported by Benzinga last week.

MNST shares are getting absolutely crushed in the wake of KO's rebuttal of the reports, and are now trading in negative territory after rising as much as 18% earlier in the session. At last check, MNST was trading down 0.08% to $65.50.

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