Monster Beverage (MNST) Announces $500M Share Buyback
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Monster Beverage Board Authorizes New $500.0 Million Share Repurchase Program
November 8, 2023 4:10 PM ESTCORONA, Ca., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Monster Beverage Corporation (NASDAQ: MNST) today announced that its Board of Directors has authorized a new share repurchase program for the repurchase of up to an additional $500.0 million of the Companys outstanding common stock. As of November 7, 2023, approximately $282.8 million remained available for repurchase under the Companys previously authorized repurchase program. The Company expects to make the share repurchases from time to time in the open market, through privately-negotiated transactions, by block-purchase or through other transactions managed by broker-dealers, or otherwise, subject to applicable laws, regulations and... More
