Coke acquires Honest Tea stake for $43M

02/5/2008 | Brandweek · Wall Street Journal (free content), The

The Coca-Cola Co. acquired a 40% stake in Bethesda, Md.-based Honest Tea for an estimated $43 million as part of its bid to improve its standing in the noncarbonated beverage business. "Coke has needed to strengthen its tea portfolio and this is a good first step in that direction," an analyst said.

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Brandweek · Wall Street Journal (free content), The

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