Hansen Natural Corp, producer of the Monster Energy drink, has authorised a share repurchase programme.

The firm’s board of directors said on Friday (12 March) that its board of directors have authorised the repurchase of up to US$200m of the company’s outstanding common stock.

The firm terminated the common stock repurchase programme authorised in April 2008, under which the company had purchased approximately $189.8m of common stock.

As of 12 February, Hansen Natural Corporation had 88,160,693 shares of common stock outstanding.