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Monday, December 22, 2014

BRIEF-UK's CMA okays Coca-Cola and Monster Beverages deal, (NYSE: KO)

Competition and Markets Authority: * Has decided that a relevant merger situation has not been created in proposed transaction between the Coca-Cola Company and Monster Beverages Source text for Eikon: Further company coverage: (Bangalore Newsroom: +91 80 6749 1136)

The Coca-Cola Company is a beverage company. The Company owns or licenses and markets more than 500 nonalcoholic beverage brands, primarily sparkling beverages but also a variety of still beverages, such as waters, enhanced waters, juices and juice drinks, ready-to-drink teas and coffees, and energy and sports drinks. Shares of KO fell by 1.04% or $-0.44/share to $41.95. In the past year, the shares have traded as low as $36.89 and as high as $45.00. On average, 17768300 shares of KO exchange hands on a given day and today's volume is recorded at 24010102.