Monster Beverage Corp. may be exploring a tieup with Constellation Brands, Bloomberg News reported on Monday, citing sources. The extent of the tie-up was unclear nor was it certain the talks, which have involved Monster discussing the possibility with advisers, would lead anywhere. A Constellation spokesperson declined to comment to Bloomberg and a source at Monster wasn’t immediately available. Stakeholders in Monster Beverage include Coca-Cola . Shares of both companies were up over 1% each in premarket trading.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.