Monster Beverage (NASDAQ:MNST) has revealed its plans to acquire Bang Energy from Vital Pharmaceuticals for a total of $362 million through an Asset Purchase Agreement.
The agreement encompasses a significant portion of Bang Energy’s assets, which includes its beverage production facility situated in Phoenix, AZ.
It is important to note that the completion of the transaction is subject to approval from the Bankruptcy Court, and there is no assurance that it will be granted. In October 2022, Bang Energy initiated the process of filing for Chapter 11 bankruptcy.