BUZZ-Celsius surges on deal to buy wellness drinks brand Alani Nutrition

Shares of energy drink maker Celsius Holdings CELH.O surge 33.6% premarket

Celsius to buy health and wellness drinks brand Alani Nutrition in $1.8 billion deal

Wedbush analyst Gerald Pascarelli says, "This deal makes good sense as Alani is one of the fastest growing brands in energy with meaningful distribution whitespace"

Celsius also posts better-than-expected Q4 revenue and adjusted EPS

Up to last close, stock had fallen 3% YTD; it slid 52% in 2024