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.

Posted by ,
Filed under: moneytime • News • Videos
soundoff (No Responses)

Post a comment


CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.