Bloomberg: Bravo’s Price Drop Huge
Bloomberg is reporting that Bravo Foods shares have dropped nearly 20% on news that their deal with Coca-Cola has fallen through.
Bravo! Foods International Corp. (BRVO US) fell 15 cents, or 19 percent, to 66 cents and traded as low as 57 cents. Coca- Cola Enterprises Inc. (CCE US), the world’s No. 1 soft-drink distributor, terminated plans to buy a controlling interest in the maker of flavored-milk drinks.
-from Bloomberg US Equity Movers
