Monster Beverage doubles buyback to $500M

Monster Beverage doubles authorized share buybacks to $500 million

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MNST59.63

CORONA, Calif. (AP) -- Energy drink maker Monster beverage Corp. said on Monday that it has added another $250 million to its authorized share repurchase program, bringing its total to $500 million.

The company said it expects to buy back shares from time to time in the open market or through private transactions.

Monster shares fell $1 to close at $53.27.

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