New York, Oct 6 - Coca-Cola Co and Hansen Natural Corp are close to a distribution deal for Monster energy drinks, expanding Hansen's reach across the United States, industry publication Beverage Digest reported on Friday.
Shares in Hansen rose 9 percent on Friday.
Citing unnamed sources, Beverage Digest said that under a deal, the Coke system would distribute Hansen's Monster drinks in the U.S. West Coast and in some international markets.
Investors have kept a close watch on a possible deal with Coke, and shares in Hansen fell as much as 17 percent last week after their executives remained silent on the topic during a conference call.
Officials for Coke and Hansen were not immediately available for comment.
Hansen shares gained $2.540 at $31.24 in late afternoon trade on the Nasdaq.