By Dean Seal
Shares of Celsius Holdings were higher after the company said it has closed on its acquisition of Alani Nu, the rival energy-drink brand popular with young women.
The stock was up 4.2% at $37.10 in early trading. Shares have gained more than 40% since the start of the year, but were trading at around $82.53 this time a year ago.
The energy-drink maker said before the opening bell that it had completed the deal to buy Alani Nu for $1.8 billion, which includes $150 million in tax assets that set the purchase price closer to $1.65 billion.
The deal was funded with a mix of cash and stock, and represents Celsius's largest acquisition since it was founded two decades ago.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
April 01, 2025 10:20 ET (14:20 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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