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Friday, August 15, 2014

Takeover Digest- New York Times business news - Aug 15, (NASDAQ: MNST)

The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. * Coca-Cola Co announced that it had acquired a 16.7 percent stake in Monster Beverage Corp for $2.15 billion. The deal unites the biggest soda maker in the world with the largest energy drink brand in the United States. (* Trading linked to congestion on New York State's electric grid, a market intended to protect power companies and ultimately benefit consumers, has made big profits for trading firms. (

Monster Beverage Corporation is a holding company. Shares of MNST traded higher by 0.7% or $0.5/share to $71.65. In the past year, the shares have traded as low as $51.15 and as high as $75.63. On average, 1403570 shares of MNST exchange hands on a given day and today's volume is recorded at 1978304.