Energy drink stock Celsius pops more than 25% on big quarterly results, Alani Nu acquisition
Investors appear reassured by the company's potential growth prospects, given its record full-year revenue and its acquisition of a rival energy drink brand.
Celsius wants to sell more energy drinks to women. Wall Street likes the move.
Celsius shares are up more than 30% after its quarterly results topped estimates and it announced plans to buy drink maker Alani Nu.
Celsius to buy energy drink brand Alani Nutrition in $1.8 billion deal
By Ananya Mariam Rajesh (Reuters) - Celsius Holdings said on Thursday it would buy health and wellness drinks brand Alani Nutrition in a $1.8 billion deal through a combination of cash and stock, boosting its portfolio to build on the growing demand for sports and energy beverages.
Celsius Stock Surges; Energy-Drink Maker to Buy Rival Alani Nu
Celsius is paying $1.8 billion to buy Alani Nu, a rival energy-drink brand popular with young women, as its own growth slows. Celsius also reported better-than-expected adjusted earnings and revenue.
M&A News: Celsius Holdings (CELH) Makes a $1.8B Power Move with Alani Nu Acquisition
Celsius Holdings (CELH) announced a $1.8 billion acquisition of wellness brand Alani Nutrition, making a power move in the functional lifestyle
Celsius to buy rival energy drink brand Alani Nu for $1.8 billion, WSJ reports
Celsius is set to acquire rival energy drink brand Alani Nu for $1.8 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Celsius is expected to fund the deal through a combination of cash and stock,
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