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Coca-Cola invested $40 million in Honest Tea on Tuesday. USA Today reported that this pricey move is indicative of the trend in the beverage industry—nutritious, good-for-you, and non-carbonated liquids.
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Coca-Cola Co (KO.N: Quote, Profile, Research) said on Tuesday it reached an agreement to acquire a 40 percent stake in organic tea maker Honest Tea Inc, the latest step by the world's largest beverage company to expand in faster-growing noncarbonated drinks.Financial terms of the investment in Honest...
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