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Monster Beverage hikes share buyback program

8/13/12 4:24 PM ET (MarketWatch)

SAN FRANCISCO (MarketWatch) -- Monster Beverage Corp. said late Monday that its board approved increasing its share buyback program by an additional $250 million, bringing the total available under the plan to $500 million. Shares of Monster rose 1.5% to $54.05 in after hours trading.