Coke to pay $5.6 billion for full control of BodyArmor – WSJ

This post was originally published on this site
https://i-invdn-com.investing.com/trkd-images/LYNXMPEH9U0BT_L.jpg

(Reuters) – Coca-Cola (NYSE:KO) Co is buying full control of BodyArmor for $5.6 billion in a deal that values the sports drink brand at about $8 billion, the Wall Street Journal reported on Sunday, citing people familiar with the matter.

Coca-Cola, which already owns 30% of BodyArmor, is buying the remaining 70% from the company’s founders and investors, according to the WSJ report. The deal is expected to be announced as soon as Monday, it added.

Add Comment