Market Chatter: Brown-Forman Receives $15 Billion Buyout Offer From Sazerac

MT Newswires Live

04/16

Brown-Forman (BF.A, BF.B) received a buyout offer from Sazerac for around $15 billion, The Wall Street Journal reported Wednesday, citing people familiar with the matter.

The interest comes amid Brown-Forman's deal talks with French spirits-maker Pernod Ricard, according to the report.

Sazerac offered $32 per share for Brown-Forman, whose stock was trading above $28 midday Wednesday, the report said.

Brown-Forman did not immediately respond to a request for comment by MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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