Monster beverage board authorizes new $500.0 million share repurchase program

Corona, calif., june 14, 2022 (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 june 14, 2022, approximately $157.4 million 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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