Energy drinks maker Monster Beverage Corp(MNST.O)is exploring a combination with international beverage alcohol company Constellation Brands Inc(STZ.N), Bloomberg Newsreportedon 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.