Reuters: Mergers News: UPDATE 1-Coca-Cola in talks to buy Monster Beverage-WSJ

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UPDATE 1-Coca-Cola in talks to buy Monster Beverage-WSJ Apr 30th 2012, 16:29 Mon Apr 30, 2012 12:29pm EDT April 30 (Reuters) - Coca-Cola Co is in talks to buy energy drink maker Monster Beverage Corp, the Wall Street Journal reported on Monday, sending Monster shares up 17 percent. An acquisition of Monster, which had a market capitalization of more than $11 billion, would be the largest brand acquisition for Coca-Cola, according to the paper. A Monster spokeswoman said it is the company's policy not to comment on rumors. A spokesman for Coca-Cola was not immediately available to comment. Monster shares jumped $11.59, or 17.7 percent, to $77.12 on the Nasdaq. Coke shares were down 69 cents, or 0.9 percent, at $75.94 on the New York Stock Exchange.

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