February 6th, 2014
11:54 AM ET

Green Mountain Stock Soars on Coke Partnership

Coke is coming to K-Cups, perking up Green Mountain Coffee's stock.

Coca-Cola announced a partnership Wednesday with Green Mountain Coffee Roasters, maker of the popular Keurig single-serving coffee machine.

The news sent Green Mountain shares soaring more than 25% in Thursday trading. Green Mountain said it would undertake a "meaningful" share repurchase program to reduce dilution of existing investors' holdings.

Coke shares rose about 1% Thursday.

Get this story and more in today's  "Money Time" with Christine Romans.

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