By Denny Jacob

 

Monster Beverage Corp. said Tuesday that its board authorized a stock repurchase program for up to $500 million of its outstanding common stock.

The energy drink beverage company said about $157.4 million remained available for repurchase from a previously authorized repurchase program as of Tuesday.

 

Write to Denny Jacob at denny.jacob@wsj.com

 

(END) Dow Jones Newswires

June 14, 2022 17:10 ET (21:10 GMT)

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