Monster Beverage Corp. entered into an asset purchase agreement this week with Vital Pharmaceuticals to acquire Bang Energy and its assets — including a production facility in Phoenix, Ariz. — according to a release distributed by Monster.
The acquisition had been announced in June, but was in danger of being scuttled while the Federal Trade Commission performed its review. According to reports, the FTC ultimately granted an early termination request for the deal, and this announcement is the next step in the deal coming to fruition.
The acquisition still will need to be approved by the courts. Vital Pharmaceuticals filed for Chapter 11 bankruptcy, and a settlement between Bang and Monster over a false advertising lawsuit also has slowed the process.
