Coca-Cola Allowed To Continue To Sell Energy Drink Under Monster Contract
Since there was a disagreement between the companies over "contractual language," Coca-Cola and Monster had submitted their dispute to arbitration before the American Arbitration Association in October 2018.
On June 28 this year, the arbitrators ruled, "Coca-Cola Energy products fall within an exception to a non-compete provision relating to beverages marketed or positioned under the Coca-Cola brand."
KO is currently trading at $51.09, up $0.17 or 0.33 percent. But, MNST is trading at $63.55, down $0.28 or 0.44 percent. (dpa)
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