Celsius Holdings, Inc. (Nasdaq: CELH) ("Celsius" or "the company") today announced that it has entered into a definitive agreement to acquire Alani Nutrition LLC ("Alani Nu") for $1.8 billion including $150 million in tax assets for a net purchase price of $1.

Celsius Holdings (CELH) fell 6% on a report that it's buying rival energy drink brand Alani Nu for $1.8 billion.

Celsius Holdings (CELH) announced a $1.8 billion acquisition of wellness brand Alani Nutrition, making a power move in the functional lifestyle

Combined portfolio of energy drinks and wellness products expected to drive about $2 billion in sales once the deal is completed.

The purchase price consideration comprises $1,275 million of cash and a $25 million earn-out and $500 million (or approximately 22.5 million shares) of newly issued restricted shares of Celsius Holdings common stock,

The deal adds a fast-growing brand popular with young women to Celsius’s product line as its own growth slows.

Celsius is set to acquire rival energy drink brand Alani Nu for $1.8 billion, the Wall Street Journal reported on Thursday, citing people familiar with the matter. Celsius is expected to fund the deal through a combination of cash and stock,