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The Coca-Cola Company Says Not In Talks To Buy Monster Beverage Corporation-Reuters
Reuters reported that The Coca-Cola Company took the unusual step of shooting down a report on Monday that said it was in talks to buy energy drink maker Monster Beverage Corporation, valued at more than $11 billion. The statement from the Company came in response to a story in the Wall Street Journal that said Coca-Cola was in discussions to buy the fast growing energy drink maker, whose brands include Monster Energy and Java Monster. Coke and Monster had discussed a possible deal as recently as last year.
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