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Tuesday, March 1, 2011

Coke buys remaining stake in Honest Tea, (NYSE: KO)

Coca-Cola Co (KO.N) said on Tuesday that it acquired the remaining stake in Honest Tea for an undisclosed sum, completing a deal started three years ago. Coke said Seth Goldman, Honest Tea's founder and chief executive, will continue to run the business, which sells bottled teas and other juice drinks. Goldman has reinvested most of his proceeds from the sale back into the brand, the companies said.

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