08:39 AM EDT, 06/06/2024 (MT Newswires) -- Monster Beverage ( MNST ) said Thursday a total of about 77.4 million of its common shares were validly tendered and not validly withdrawn at $53 apiece under its modified "Dutch auction" tender offer.

Additionally, under notice of guaranteed delivery, roughly 41.6 million of the company's shares were tendered, Monster Beverage ( MNST ) added.

The company's Co-Chief Executives, Rodney Sacks and Hilton Schlosberg, tendered 608,114 and 350,000 shares, respectively, Monster Beverage ( MNST ) said.

Additionally, the company said it intends to accept a total of its 56.6 million common shares for payment that were outstanding as of April 22 at a purchase price of $53 apiece, for a total of roughly $3 billion.

Shares of Monster Beverage ( MNST ) were up nearly 4% in recent Thursday premarket activity.

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