By Colin KellaherCoca-Cola Co. on Monday confirmed that it agreed to pay $5.6 billion in cash to buy the remaining 85% of sports-drink maker BodyArmor. Coca-Cola initially acquired a 15% stake in BodyArmor in 2018 with a path to full ownership, based on a pre-determined discount. The Wall Street Journal on Sunday reported that the company was buying full control of the brand. Coca-Cola said its U.S. bottling system would continue to distribute BodyArmor, currently the No. Write to Colin Kellaher at colin.kellaher@wsj.com(END) Dow Jones NewswiresNovember 01, 2021 09:02 ET (13:02 GMT)Copyright (c) 2021 Dow Jones & Company, Inc.

Source: Wall Street Journal November 01, 2021 13:10 UTC