Alpha Diallo
0
All posts from Alpha Diallo
Alpha Diallo in Alpha Diallo,

Coca Cola Enters Into Strategic Partnership with Green Mountain for $1.25B

 

Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) shares are advancing this morning after Coca-Cola Company (NYSE:KO) acquired a 10 percent stake in the company for approximately $1.25 billion. As part of the deal, Coca-Cola’s popular beverages will be dispensed at the comfort of your home through Green Mountain’s new Keurig Cold product makers. Green Mountain’s Keurig coffee makers are in a lot of homes and offices, which gives Coca-Cola the ability to distribute more products. On the other hand, Green Mountain expands beyond just coffee.  

(Image source: cnbc.com)