Monster’s 1.3bn deal with Coca-Cola under Skadden and Jones Day advice
Coca-Cola Company gets advise from Skadden Arps Slate Meagher & Flom and Jones Day, among other, for its deal with energy drink business Monster.
The global drinks brand is also to pay $2.15bn (£1.3bn) in exchange for a 16.7 per cent stake in Monster, gaining two seats on the its board of directors.
The deal involves Coca-Cola transferring its global energy drinks business to Monster. In exchange, Monster will pick up Coca-Cola’s non-energy drinks business which includes Peace Tea and Hansen’s Natural Sodas.
Meanwhile, Skadden is lined up to advise the Coca-Cola Company, fielding a team including M&A partners Martha McGarry, Thomas Greenberg and Peter Serating.
Cleary Gottlieb Steen & Hamilton will also step up to advise Coca-Cola on the antitrust aspects of the transaction, primarily out of its Washington DC office.
Source: thelawyer
