Monster Beverage Corp is discussing a merger with international beverage alcohol company Constellation Brands Inc (STZ.N).The structure of a potential deal involving the companies, which have a combined market value of nearly $92 billion, was not immediately known
The news first reported the plans on Sunday, said has discussed a potential deal with advisers, citing people who requested not to be identified. Monster Beverage Corp did not immediately respond to a Reuters request for comment. Constellation Brands told Reuters it does not respond to rumors or speculation.
The company 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