Monster Beverage May Merge With Constellation Brands

Talks between Monster Beverage Corp., the maker of energy drinks, and Corona brewer Constellation Brands Inc. about a combination are progressing, according to people familiar with the matter.

A merger agreement could be reached in the coming weeks if negotiations proceed smoothly, the people said, asking not to be identified discussing private information. The similarly sized companies have a combined market value of about $90 billion.

Shares of Monster, which counts Coca-Cola Co. as a major shareholder, have fallen about 8% through Monday since Bloomberg News reported in November that it had held discussions with advisers about a potential tie-up with Constellation, whose Class A stock is flat during that period.

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