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Monster Reportedly Approved To Buy Bang Energy Out Of Bankruptcy For $362 Million | Forbes

Monster Energy is set to acquire Bang Energy after a bankruptcy judge granted approvalBang Energy filed for Chapter 11 bankruptcy in October 2022, following lawsuit wherein a jury awarded Monster Energy $293 million dollars on grounds that Bang Energy was engaging in false advertising and misconductThe acquisition of Monster Energy’s former rival is estimated to save around 300 jobs.  

The sale involving the energy drink giants had been up in the air as recently as June 30, when it was unclear if the Federal Trade Commission would finish its review of information about the deal by the deadline; but, on July 3, Monster and Bang entered into an asset purchase agreement, making Bankruptcy Court approval the last step.

Source: Monster Reportedly Approved To Buy Bang Energy Out Of Bankruptcy For $362 Million

Thomas H. Curran Associates represents a broad range of businesses and corporate entities, private equity funds, as well as governmental agencies and other interested parties in all phases of the bankruptcy process and in bankruptcy related transactions and litigation. As advocates and trusted business advisors, our well-established foundation of knowledge and understanding of our clients’ business and professional interests, enables our attorneys to deliver unparalleled individualized attention to our clients of all sizes with their bankruptcy, litigation and corporate transactional needs.

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