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Red Bull Not Interested in Monster Beverage
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Monster Beverage may not be a willing target. Moreover, the Austrian energy drink producer achieves strong organic growth in the U.S.
Red Bull Not Interested in Monster Beverage / Picture: © Wikimedia Commons / Gigi Soldano [Attribution]
Mark Astrachan, an analyst at Stifel Nicolaus & Co. in New York does not think that Monster Beverage is a a willing target for Red Bull. “I don’t believe management is out there actively trying to sell the business,” Astrachan said in a phone interview. “I don’t think that’s really a motivating factor. They’ve been incredibly successful in running the…
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