shares of cocacola co ko rose 03 in premarket trading monday after the beverage giant confirmed that it was buying the remaining 85 of bodyarmor that it didnt already own for 56 billion in cash the deal was originally reported over the weekend by the wall street journal cocacola said the acquisition will be paid for through cash onhand the company had purchased the 15 of bodyarmor that it currently owns in 2018 with a path to full ownership bodyarmor will operate as a separate business within cocacolas north america business unit and the current leadership team including bodyarmor cofounder mike repole will remain in place the companies said as part of the deal cocacola and bodyarmors repole will collaborate on a still beverages portfolio cocacolas stock has gained 28 year to date through friday while the dow jones industrial average djia has climbed 170