Monster Beverage exploring merger with Constellation Brands - source

📆 22/11/2021 08:40:00
📰 Reuters

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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.the plans on Sunday, said Monster Beverage has discussed a potential deal with advisers, citing people who requested not to be identified.It was unclear if discussions will lead to a full merger or asset deal, the Bloomberg News report added.

As of Friday, the market capitalization of Monster Beverage was $47.3 billion while the market capitalization of Constellation Brands was $44.2 billion.

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