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Monster Beverage exploring deal with Constellation Brands - Bloomberg News

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Nov 21 (Reuters) - Energy drinks maker Monster Beverage Corp is exploring a combination with international beverage alcohol company Constellation Brands Inc, Bloomberg News reported https://bloom.bg/3cCxTCG on Sunday quoting people familiar with the matter.

Monster Beverage has discussed a potential deal with advisers, the report added, citing people who requested not to be identified.

The exact structure of a potential tie-up could not be immediately learned and it was unclear if discussions will lead to a full merger or asset deal, the Bloomberg News report said.

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. (Reporting by Anirudh Saligrama and Juby Babu in Bengaluru; editing by Richard Pullin)