Corona beer owner chases Jack Daniel's maker for deal

As any serious drinker knows, whiskey and beer don't necessarily mix -- except for a boilermaker -- but it's a whole different matter when it comes to liquor industry mergers.

Constellation Brands, the company that owns Mexico's Corona beer brand, reportedly wants to buy Brown-Forman, parent of Jack Daniel's whiskey, the report says.

CNBC quotes sources saying that Constellation Brands approached Brown-Forman about a sale, but was rebuffed, yet is still interested in a merger.

"As a matter of corporate policy, we don't comment on market rumors or speculation," Brown-Forman spokesman Phil Lynch said.. Constellation Brands could not be immediately reached for comment.

Brown-Forman has Jack Daniel's, one of the nation's best-known whiskeys, plus GlenDronach scotch, Don Eduardo tequila, Chambord liqueur and Korbel champagne. It was founded in 1870 and as of 2006, the fifth generation of Browns is involved in the business.

Besides Corona, Constellation also owns Robert Mondavi Winery, Svedka Vodka, Manischewitz, Clos du Bois and Casa Noble tequila.

Brown-Forman shares closed at $53.38, down $3.54, or 6.2%/. Constellation's stock, closed at $181.87, up 59 cents or 0.33%.

Follow USA TODAY reporter Zlati Meyer on Twitter: @ZlatiMeyer