Hansen shares drop 14% on withholding of results
Hansen Natural Corp. said that demand for its drinks including Monster Energy “is slowing a little” and that efforts to switch distribution to Anheuser-Busch Cos. were taking “a bit longer” than anticipated.
Shares of Corona-based Hansen fell $4.14, or 14.3%, to $24.88 after it withheld some third-quarter financial results pending the outcome of an investigation of stock-option awards.
From Bloomberg News
* Corinthian Colleges Inc., based in Santa Ana, said it might not be able to file its financial report for the first quarter by an extended Tuesday deadline because of an investigation of its stock option grants.
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