News Formal

Monster Beverage exploring merger with Constellation Brands - source

  • 📰 Reuters
  • ⏱ Reading Time:
  • 9 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 7%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Why Wall Street is pouring into the wine business'This is the highest level of interest in my career,' says Adam Beak, head of Bank of the West's beverage group, of professional money eyeing the U.S. wine... horrible Is he responsible for the $90 bottles you seem to think average people buy?
Source: MarketWatch - 🏆 3. / 97 Read more »