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Coca-Cola Co. is buying full control of BodyArmor for $5.6 billion in a deal that values the sports drink brand at about $8 billion, according to people familiar with the matter, amping up a rivalry with Gatorade.
The Coca-Cola Company announced today that it has acquired full control of sports drink maker BodyArmor for $5.6 billion, its largest acquisition to date. The beverage giant is exercising its option to purchase BodyAmor in full at a pre-existing discount, as included in a 2018 deal that gave Coke U.S. distribution rights to BodyArmor and a 15% stake in the brand.
The West Maui Preservation Association has reached an agreement with Innergex, the developer of the Kahana Solar project on West Maui. The developer will donate thousands of dollars annually to West Maui nonprofits and organizations and come up with a decommissioning plan. WMPA will withdraw its opposition to the project, which is currently before the state Public Utilities Commission.
By Cody Mello-Klein | cmelloklein@alextimes.com Virginia Tech broke ground on the first of three academic buildings for its Innovation Campus in North Potomac
The Maui Charter Commission will review more than 100 proposed amendments to the county charter that governs daily life on Maui, Molokai and Lanai.