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  1. Nov 2, 2021 · The stock, however, pared its losses slightly to close at $56.25 in the extended trading session.The complete acquisition of BODYARMOR will enable Coca-Cola to strengthen its sports drink offerings.

  2. Nov 1, 2021 · Coke buys remaining stake of Kobe Bryant-backed sports drink BodyArmor for $5.6B. Coca-Cola Co. is making a multibillion-dollar bet on the sports drink brand BodyArmor as part of a larger push to ...

  3. Dec 14, 2021 · In effect, you're looking at a company that currently has built up $11.3bn of cash on its balance sheet, in addition to $1.7bn of marketable securities, and $1.8bn of short-term investments. In ...

  4. Aug 14, 2018 · The fast-growing BODYARMOR trademark includes BODYARMOR Sports Drink, BODYARMOR LYTE Sports Drink and BODYARMOR SportWater. (Photo: Business Wire) The initial investment is uniquely structured to create value for both companies and allow Coca-Cola to increase its ownership stake in the future under defined terms.

  5. Nov 5, 2021 · The brand had nearly 8% of the U.S. sports drink market in 2020, according to industry data from Euromonitor. From its start, BodyArmor attracted an impressive roster of investors.

    • Eliza Haverstock
  6. Nov 1, 2021 · In 2018, Coca-Cola initially acquired a 15% stake in BODYARMOR with a path to full ownership, based on a pre-determined discount. Coca-Cola is paying $5.6 billion in cash for the remaining 85% of the company. BODYARMOR will be managed as a separate business within Coca-Cola’s North America operating unit and will continue to be based in New York.

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  8. Nov 1, 2021 · Coca-Cola ( KO) confirmed Monday that it planned to buy full control of sports drink company BodyArmor, paying $5.6 billion for the 85% it didn't own. The transaction values BodyArmor at about $8 ...

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