Monster beverage board authorizes new $500.0 million share repurchase program

Corona, calif., aug. 19, 2024 (globe newswire) -- monster beverage corporation (nasdaq:mnst) today announced that its board of directors has authorized a new share repurchase program for the repurchase of up to an additional $500.0 million of the company's outstanding common stock. as of august 19, 2024, no amount remained available for repurchase under the company's previously authorized repurchase program. the company expects to make the share repurchases from time to time in the open market, through privately-negotiated transactions, by block-purchase or through other transactions managed by broker-dealers, or otherwise, subject to applicable laws, regulations and approvals. the timing of the share repurchases will depend on a variety of factors, including market conditions, and the share repurchases may be suspended or discontinued at any time.
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