Nov 21 (Reuters) - Energy drinks maker Monster Beverage Corp
is discussing a merger with international beverage
alcohol company Constellation Brands Inc, a source
familiar with the matter told Reuters on Sunday.
The structure of a potential deal involving the companies,
which have a combined market value of nearly $92 billion, was
not immediately known.
Bloomberg News, which first reported https://bloom.bg/3cCxTCG
the plans on Sunday, said Monster Beverage has discussed a
potential deal with advisers, citing people who requested not to
It was unclear if discussions will lead to a full merger or
asset deal, the Bloomberg News report added.
Monster Beverage did not immediately respond to a Reuters
request for comment. Constellation Brands told Reuters it does
not respond to rumors or speculation.
As of Friday, the market capitalization of Monster Beverage
was $47.3 billion while the market capitalization of
Constellation Brands was $44.2 billion.
New York-based Constellation Brands has a diverse portfolio
which includes brands like Corona Extra, Modelo Especial, Kim
Crawford as well as SVEDKA vodka and High West Whiskey in the
Monster Beverage Corporation, which has Coca-Cola as
a major shareholder, develops and markets energy drinks brands
like Monster Energy, Burn Energy Drink and Full Throttle Energy
The energy drink maker had reported increased net sales two
weeks ago despite the pandemic although it still experienced
supply chain challenges, shortages of shipping containers,
freight inefficiencies in the United States and Europe, Middle
East and Africa region.
Coca-Cola agreed earlier this month to buy the remaining
stake in BodyArmor it did not already own for $5.6 billion.
(Reporting by Anirudh Saligrama, Juby Babu, Sneha Bhowmik in
Bengaluru and Greg Roumeliotis in New York; Editing by
Jacqueline Wong and Muralikumar Anantharaman)