New Age Beverages Shares Up; Tweet Indicates 'Big News' From Nestea
October 16 2019 - 2:21PM
Dow Jones News
By Josh Beckerman
New Age Beverages Corp. (NBEV) shares recently traded up 17%, to
$3.21, as a company tweet mentioned "Big news coming from
#Nestea."
New Age acquired distribution rights for several brands
including Nestea in the July purchase of Brands Within Reach Inc.,
also adding Illy Ready-to-Drink Coffee, Volvic and Evian. New Age's
other brands include Marley, Tahitian Noni and Coco-Libre.
Nestea is a Nestle SA (NESN.EB) product.
Write to Josh Beckerman at josh.beckerman@wsj.com
(END) Dow Jones Newswires
October 16, 2019 14:06 ET (18:06 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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