Green Mountain Coffee stock soars on Coke deal - WCAX.COM Local Vermont News, Weather and Sports-

Green Mountain Coffee stock soars on Coke deal

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Green Mountain Coffee stocks soared in after-hours trading Wednesday.

The Keurig brewing machine has made Green Mountain Coffee a global player in hot beverages. Now the company is looking for similar success with cold drinks.

Wednesday, the Waterbury company announced a new partnership with Coca-Cola to create a single-serve system for making soft drinks, juice drinks and other cold beverages. Coke is actually buying a 10-percent stake in Green Mountain.

The news caused Green Mountain's shares to soar 30 percent in after-hours trading.

Green Mountain-- which recently announced plans to change its name to Keurig Green Mountain-- also announced first quarter earnings were up 4 percent over a year ago and the company sold a record 5.1 million Keurig machines in that period.

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