Talk about a monster merger: Coca-Cola Co.-backed Monster Beverage Corp., whose logo has come to symbolize the Ultimate Fighting Championship’s octagon cage, is said to be exploring a deal with acquisitive brewer Constellation Brands Inc. This megadeal would potentially fuse beer, energy drinks, liquor, soda and even marijuana in an unforeseen jolt to the global beverage industry.
With Monster and Constellation each valued at nearly $50 billion, their tie-up would be the industry’s biggest since Anheuser-Busch InBev AV’s record-breaking $120 billion takeover of SABMiller in 2016. While Monster has discussed the idea with advisers, it’s not clear that the energy drink maker is considering a full-out combination with Constellation, according to Bloomberg News, which first reported the deliberations on Sunday. A merger of this size and complexity could induce quite a hangover, so any talks may instead result in a joint venture or asset sale. Shares of Constellation dropped about 1% Monday morning as Monster gained slightly.
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November 22, 2021 at 11:20PM
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Monster and Constellation Could Be a Potent Mixed Drink - Bloomberg
"drink" - Google News
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