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Monday, July 14, 2014

REFILE-Coca-Cola venture buys into distributor in Lebanon, (NASDAQ: FIZZ)

Aujan Coca-Cola Beverages Co (ACCBC), a venture between Coca-Cola Co and Saudi Arabia's Aujan Industries, said it had acquired a majority stake in National Beverage Co, a maker and distributor of Coca-Cola and other drinks in Lebanon.

National Beverage Corp. (National Beverage) is engaged in the development, manufacturing, marketing and sale of a portfolio of flavored beverage products. Shares of FIZZ remained unchanged at $18.81. In the past year, the shares have traded as low as $15.42 and as high as $22.26. On average, 35377 shares of FIZZ exchange hands on a given day and today's volume is recorded at 15107.