Monster Beverage Board Announces Additional $250 Million Share Repurchase Authorization
Monster Beverage Corporation (NASDAQ: MNST) today announced that its Board of Directors has authorized an increase in its share repurchase program to repurchase an additional $250 million of its outstanding common stock. As of August 13, 2012, the total amount available under the authorization is $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.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.