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Friday, August 15, 2014 11:14:01 AM
10:43 AM EDT, 08/15/2014 (MT Newswires) -- Coca-Cola (KO) revealed in a media call on Friday an option to increase its stake in energy drinks company, Monster Beverage Corp. (MNST) to 25%, assuming board of director approval.
At the open, shares of MNST and KO were trading up 30% and 2%, respectively.
Monster Beverage surged to a new 52-week high on Thursday after it said Coca-Cola would acquire an approximately 16.7% position in MNST for $2.15 billion cash and appoint two directors to MNST's board
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