Monster to begin new share repurchase program

by Jeff Gelski
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CORONA, CALIF. – The board of directors for Monster Beverage Corp. has authorized a new share repurchase program for up to $200 million of the company’s outstanding common stock. There was no availability remaining under the previously authorized $250 million share repurchase program, the Corona-based company said April 8.

The company expects the share repurchases to be made from time to time in the open market or through privately negotiated transactions. The timing of the share repurchases will depend on a variety of factors, including market conditions. Share repurchases may be suspended or discontinued at any time.
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