Fairlife suspends U.S. production after unauthorized access
Beverages giant Coca-Cola's KO.N shares fell 1.3% to $83.80 in extended trading.
The company said fairlife, a dairy company owned by KO, identified unauthorized access by a third party to a part of its systems in connection with a ransomware event.
The unauthorized access includes fairlife's production-related systems; production operations at fairlife in the U.S. are temporarily suspended, KO said.
KO said the investigation is ongoing; the nature and impacts of the incident are not yet known.
Fairlife's production operations in Canada are not currently impacted.
As of Thursday's close, KO was up 21.5% year to date.
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