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Monster -13% after disclosing fight with Coca-Cola

  • Monster Beverage (NASDAQ:MNST) trades lower after its Q3 earnings report and conference call disclosure of a tussle with Coca-Cola (NYSE:KO).
  • Managment says the company is going to arbitration with Coca-Cola over two energy products being launched that it sees as going against its agreement with the beverage giant. Coca-Cola claims the energy drinks fall under an exception in the Monster deal.
  • Monster earnings call conference transcript
  • Shares of Monster are down 13.0% in premarket trading to $48.66.
  • Previously: Margin pressure at Monster Beverage (Nov. 7)

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