Well, considering that the energy drink business comprises about 95 percent of the company’s revenue, we don’t think there’s much of a shocker here, but Hansen’s Natural Corp. is changing its name to Monster Beverage Corp.
Hansen Natural Announces Corporate Name, Ticker Symbol Change
CORONA, Calif., Jan. 5, 2012 (GLOBE NEWSWIRE) — Hansen Natural Corporation (Nasdaq:HANS) announced it received stockholders’ approval today, at the company’s special meeting of stockholders, to change its corporate name to Monster Beverage Corporation. The company’s shares will start trading under its new name and stock ticker symbol, “MNST”, effective as of market open on January 9, 2012. The company’s common stock has been assigned a new CUSIP number of 611740101 in connection with the name change. Outstanding stock certificates are not affected by the name change and will not need to be exchanged.
At the special meeting, the company’s stockholders also approved an increase in the number of authorized shares of common stock to 240,000,000 shares from 120,000,000 shares.
Following the special meeting, the company filed an amendment with the Delaware Secretary of State to effect both the name change and increase in authorized shares.
Hansen Natural Corporation
Based in Corona, California, Hansen Natural Corporation markets and distributes Hansen’s(R) natural sodas, apple juice and juice blends, fruit juice smoothies, multi-vitamin juices, iced teas, energy drinks, Junior Juice(R) beverages, Blue Sky(R) beverages, Monster Energy(R) energy drinks, Monster Energy Extra Strength Nitrous Technology(R) energy drinks, Java Monster(R) non-carbonated coffee + energy drinks, X-Presso Monster(R) non-carbonated espresso energy drinks, Monster
Rehab(TM) non-carbonated rehydration energy drinks, Peace Tea(R) iced teas, Worx Energy(R) energy shots, Vidration(R) brand vitamin enhanced waters, Hubert’s(R) lemonades, and PRE(R) Probiotic drinks. For more information, visit www.monsterbevcorp.com and www.monsterenergy.com.
CONTACT: Rodney C. Sacks
Chairman and Chief Executive Officer
Hilton H. Schlosberg
Roger S. Pondel / Judy Lin Sfetcu