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Monster Beverage Repurchases 56.6 Million Shares in Modified Dutch Auction
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Monster Beverage Repurchases 56.6 Million Shares in Modified Dutch Auction
Jun 10, 2024 6:02 AM

08:30 AM EDT, 06/10/2024 (MT Newswires) -- Monster Beverage ( MNST ) said Monday it repurchased a total of about 56.6 million common shares as part of a modified Dutch auction at a price of $53 per share for a total of about $3 billion.

A total of about 119 million shares were tendered effective June 5. Shares were accepted for purchase on a pro rata basis.

Price: 52.65, Change: -0.04, Percent Change: -0.07

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