Berkshire Hits $200K per Share; Coke to Acquire 17% of Monster Beverage

US Commerce Department reported that July retail sales, excluding auto sales, were up only 0.1% from the previous month. Weekly jobless claims rose more than expected last week, but remained near pre-recession marks. One of the biggest stories of the day was a $200,000 share price that Berkshire Hathaway's (BRK) Class A stock hit for the first time. Coca-Cola (KO) and Monster Beverage (MNST) announced a long-term partnership.
As a part of the deal, Coca-Cola will pay $2.15 billion cash for a 17% stake in Monster Beverage whose shares soared upon the news in the after-hours trade.

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Published on Aug 14, 2014
By InvestorGuide Staff

Copyrighted 2016. Content published with author's permission.

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