Monster Beverage authorized a new share-buyback program of up to $500 million of outstanding stock.
The energy-drink maker had $400 million remaining on its previous buyback program as of this week, Monster said.
Monster expects to make share repurchases from time to time in the open market, through privately-negotiated transactions, by block-purchase or through other deals managed by broker-dealers.
The timing of buybacks will depend on various factors, such as market conditions.
Write to Katherine Hamilton at katherine.hamilton@wsj.com
(END) Dow Jones Newswires
May 15, 2026 16:18 ET (20:18 GMT)
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