© Reuters. Monster Beverage acquiring rival Bang Energy out of bankruptcy for $362M
Monster Beverage (NASDAQ:) announced it will acquire Vital Pharmaceuticals’ Bang Energy for $362 million, as part of an Asset Purchase Agreement.
The deal includes substantially all of Bang Energy’s assets, including a beverage production facility located in Phoenix, AZ.
The transaction is contingent upon Bankruptcy Court approval, and there is no guarantee it will be granted. Bang Energy filed for Chapter 11 bankruptcy in October 2022.
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