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Coke to pay $5.6 billion for full control of BodyArmor

by Mike Robinson

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© Reuters. FILE PHOTO – A Coca-Cola logo was pictured at an event held in Paris (France), March 21 2019. REUTERS/Benoit Tessier

(Reuters) – Coca-Cola, (NYSE:) Co, is purchasing BodyArmor’s entire control in a transaction that valued the brand at around $8 billion. According to the Wall Street Journal on Sunday, people who are familiar with this matter reported that the deal involves Coca-Cola.

Coca-Cola, which already owns 30% of BodyArmor, is buying the remaining 70% from the company’s founders and investors, according to the WSJ report. According to the WSJ report, the deal will be announced Monday.

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