Coke to Take Stake in Honest Tea
By Betsy McKay
Feb. 5, 2008 12:08 pm ET
Coca-Cola Co. has agreed to purchase about a 40% stake in Honest Tea Inc., a fast-growing maker of premium and organic bottled teas, for about $43 million, according to people familiar with the deal.
In addition, Atlanta-based Coke will have the right to purchase the remainder of the company, currently valued at $110 million, after three years, these people said.