Jamba (JMBA) says it will buy the product formulation and intellectual property for its Jamba...

|By:, SA News Editor

Jamba (JMBA) says it will buy the product formulation and intellectual property for its Jamba All-Natural Energy Drink from Nestle (NSRGY.PK) as part of its consumer products expansion plan. Jamba had collaborated with Nestle USA to launch the drink in the Northeast but now plans to expand its availability outside of the region. Shares -2.6% AH.