Monster Wins Approval on $362 Million Acquisition of Bang Energy

Monster Beverage Corp. won bankruptcy court approval to acquire former rival Bang Energy out of Chapter 11 for $362 million and settle litigation between the energy drink companies.

Judge Peter Russin said Wednesday he’d approve the settlement and sale — averting the shutdown of Bang Energy, which has faced an uncertain future after its board fired founder and former Chief Executive Officer Jack Owoc earlier this year.

The tie-up remains subject to additional customary closing conditions, lawyers said.

Judge Russin also said he’d approve a resolution to false advertising litigation against the maker of Bang Energy. Bang maker Vital Pharmaceuticals ...