Constellation Brands (STZ) , a premium beer, wine, and spirits firm, has made an attempt to acquire Jack Daniel's owner Brown-Forman (BF.A) (BF.B) , CNBC reports.

Brown-Forman affirmed it was not interested in selling to the owner of spirits including Corona and Svedka Vodka, sources told CNBC.

However, Brown-Forman informed its board of directors of the interest.

There are no ongoing talks, but Constellation remains interested in a potential merger, the report said.

Shares of Constellation Brands were moving lower during the final hour of trading on Tuesday, while shares of Brown-Forman were moving higher.

Retail's downturn giving you the blues? Jim Cramer has a list of retailers that are currently oversold, giving investors a leg up one of the market's most volatile sectors.

More from Stocks

IBM Shares Jump After Beating Earnings and Guidance Expectations

IBM Shares Jump After Beating Earnings and Guidance Expectations

Tesla's Biggest Near-Term Headwind, According to Analyst

Tesla's Biggest Near-Term Headwind, According to Analyst

Striking Options: Crude Oil Volatility and Mixed Global Economic Data

Striking Options: Crude Oil Volatility and Mixed Global Economic Data

Jim Cramer's 10 Lessons for a Bear Market

Jim Cramer's 10 Lessons for a Bear Market

Steel Dynamics Falls as Revenue Misses Estimates

Steel Dynamics Falls as Revenue Misses Estimates