Coca-Cola Adds Prebiotic Fiber Soda as Constellation Buys Spiked for Up to $353 Million

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Summary · why it matters

Coca-Cola is adding a zero-sugar prebiotic soda to its lineup, Coca-Cola Zero Sugar with 6 grams of prebiotic fiber, with the same fiber option also coming to Sprite Zero Sugar and Fresca in a pilot starting this month in parts of New York, New Jersey and Pennsylvania. Separately, Semaphore reported that Chipotle Mexican Grill is tapping bankers amid takeover concerns, with one theory under discussion being a potential tie-up between Chipotle and Starbucks, though no bid is on the table and supporters argue the companies could combine operations in real estate while keeping the brands separate. Constellation Brands, the Modelo and Corona maker, beat Wall Street's earnings expectations with beer sales rising 5%, even as sales of Modelo Especial and Corona Extra declined, and the company also announced the acquisition of ready-to-drink brand Spiked in a deal potentially worth up to $353 million.

Impact on assets 6

Consumer Staples▲
The Coca-Cola Company
KO
▲ PositiveTechnologyrelevance

Coca-Cola is launching a zero-sugar prebiotic fiber soda and extending the fiber option to Sprite Zero and Fresca.

Consumer Discretionary▲
Chipotle Mexican Grill Inc
CMG
± Mixedrelevance

Reported to be tapping bankers amid takeover concerns, with a Starbucks tie-up theory floated but no bid on the table.