January 13, 2012, Corona, CA – Hansen Natural Corporation is changing its corporate name to Monster Beverage Corporation.
The name change was approved on Jan. 5, during a special meeting of the company's stockholders.
The company's shares started trading under the new name and stock ticker symbol, "MNST," on Jan. 9. Outstanding stock certificates will not be affected by the name change and will not need to be exchanged.
At the special meeting, the company's stockholders also approved an increase in the number of authorized shares of common stock to 240,000,000 shares from 120,000,000 shares.
Hansen Natural Corporation markets and distributes Hansen's natural sodas, apple juice and juice blends, as well Blue Sky beverages and various energy drinks sold under the Monster label.