Hansen Natural is to buy back up to US$250m of shares

Hansen Natural is to buy back up to US$250m of shares

The board of directors of Hansen Natural Corp has approved a new share buyback programme for the repurchase of up to US$250m of its stock.

The programme follows a completed $200m repurchase scheme authorised in March, under which there are now no shares outstanding. The US soft drinks firm made the announcement on Friday (14 October).

In August, Hansen reported an increase in first-half profits, which the company said was down to its Monster Energy brand growing in excess of the category.