Stifel analyst Mark Astrachan notes that court documents filed last night indicate that Monster Beverage plans to acquire most of the assets of Bang/VPX out of bankruptcy for $362M, subject to FTC approval. Should Monster successfully acquire Bang, the firm estimates the transaction would be “modestly accretive” to EPS and strategic by providing Monster a new brand, modestly more shelf space and, “most notably,” a manufacturing facility favorable to gross margin. Stifel has a Buy rating and $63 price target on Monster shares.
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