New Age Beverages stock jumps after its announcement of $85-mln Morinda acquisition

New Age Beverages Corp. (Nasdaq: NBEV) acquires Tahitian Noni Juice maker Morinda Holdings for $85 million. The combined company would be the 40th largest non-alcoholic beverage company in the world with $300 million in net revenue $20 million in adjusted EBITDA, $200 million in assets and no debt. NBEV stock jumped up about 15% when the market opened today, … Continue reading New Age Beverages stock jumps after its announcement of $85-mln Morinda acquisition