Monster Enters Into Asset Purchase Agreement With Vital Pharmaceuticals; Monster Would Acquire Substantially All Of Bang Energy's Assets, Including A Beverage Production Facility Located In Phoenix, AZ. The Transaction Is Subject To Certain Terms And Closing Conditions, Which Include Obtaining Bankruptcy Court Approval
Portfolio Pulse from Benzinga Newsdesk
Monster Beverage Corporation has entered into an asset purchase agreement with Vital Pharmaceuticals, which filed for Chapter 11 protection in October 2022. The terms of the deal were not disclosed. The transaction is aimed at capitalizing on the growing energy drink market.
July 03, 2023 | 12:09 pm
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Monster Beverage Corporation's acquisition of assets from Vital Pharmaceuticals could potentially strengthen its position in the energy drink market.
The acquisition of assets from a company that has filed for Chapter 11 protection could potentially allow Monster Beverage Corporation to expand its product portfolio and strengthen its position in the energy drink market. However, the impact on the company's stock price will depend on the terms of the deal, which have not been disclosed.
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