And Leaves it Open to Acquire up to 25%.
From: http://dealbook.nytimes.com
For years now, analysts have suggested that the Coca-Cola Company acquire Monster Beverage, the energy drink company.
Access to the fast-growing market for the highly caffeinated beverages would help Coca-Cola offset the slowing growth of soda sales and connect with a younger generation of consumers, they said. Two years ago, the companies almost struck a deal, but could not agree on terms.
Now, Coca-Cola has finally made its move. On Thursday, it announced that it had acquired a 16.7 percent stake in Monster for $2.15 billion.
The deal unites the biggest soda maker in the world with the largest energy drink brand in the United States.“It’s a positive and smart move by both companies,” said John Sicher, editor of Beverage Digest. “It will strengthen Coke and the Coke system, and the Coke system will strengthen Monster.”
Link: http://dealbook.nytimes.com/2014/08/14/coke-to-buy-stake-in-monster-beverage-for-2-15-billion/?_php=true&_type=blogs&_r=0
TinyURL: http://tinyurl.com/owvd2u6
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Access to the fast-growing market for the highly caffeinated beverages would help Coca-Cola offset the slowing growth of soda sales and connect with a younger generation of consumers, they said. Two years ago, the companies almost struck a deal, but could not agree on terms.
Now, Coca-Cola has finally made its move. On Thursday, it announced that it had acquired a 16.7 percent stake in Monster for $2.15 billion.
The deal unites the biggest soda maker in the world with the largest energy drink brand in the United States.“It’s a positive and smart move by both companies,” said John Sicher, editor of Beverage Digest. “It will strengthen Coke and the Coke system, and the Coke system will strengthen Monster.”
Link: http://dealbook.nytimes.com/2014/08/14/coke-to-buy-stake-in-monster-beverage-for-2-15-billion/?_php=true&_type=blogs&_r=0
TinyURL: http://tinyurl.com/owvd2u6
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Chipotle Raises Prices, America Orders More Burritos
From: http://www.businessweek.com
Chipotle (CMG) has been dishing up millions of burritos, with same-store sales soaring 17.3 percent in the second quarter. Such results are an impressive feat in the restaurant business, and the chain says only a small share—2.5 percentage points—came from the much-loathed price hike that started rolling out in late April. (Menu prices went up by 6.5 percent, on average.)
The remaining 14.8 percentage points? Chipotle executives say the spread of pure burrito love increased the chain’s number of transactions.
Link: http://www.businessweek.com/articles/2014-07-21/chipotle-raises-prices-america-orders-more-burritos
TinyURL: http://tinyurl.com/o5dsv6v
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State of JC Penney's Turnaround
Discussing renewed optimism in JC Penney and the state of the retailer's turnaround, with Michael Binetti, UBS retail analyst.
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The California Spin
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Ted Gaines CA Senator with big push to bring Tesla's
Giga-Factory to California.
State Senator Presents Tesla's CEO With 'Golden' Shovel ...
sanfrancisco.cbslocal.com/.../state-senator-presents-teslas-ceo-...
KPIX‑TV
7 days ago - State Sen. Ted Gaines (R-Roseville) visited Tesla Motors' Palo Alto headquarters Friday to ... highly- coveted $5 billion, gigabyte factory will be built in California.
Giga-Factory to California.
State Senator Presents Tesla's CEO With 'Golden' Shovel ...
sanfrancisco.cbslocal.com/.../state-senator-presents-teslas-ceo-...
KPIX‑TV
7 days ago - State Sen. Ted Gaines (R-Roseville) visited Tesla Motors' Palo Alto headquarters Friday to ... highly- coveted $5 billion, gigabyte factory will be built in California.
Link:
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The Woodstock of Collector Cars for the Super Rich is at the Pebble Beach and Monterey Car Week
Most expensive cars ever sold at auction
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