Market Chatter: Brown-Forman Rejects $15 Billion Buyout Bid From Sazerac

MT Newswires Live

05/13

Brown-Forman (BF.A, BF.B) rejected a takeover proposal worth around $15 billion from Sazerac, the Wall Street Journal reported Tuesday, citing people familiar with the matter.

The owner of Jack Daniel's turned down Sazerac's $32-a-share cash offer, which was financially backed by Wells Fargo (WFC) and Apollo Global Management (APO), the report said.

Brown-Forman did not immediately respond to a request for comment from 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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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU1668664300.SGD","symbol_name":"Blackrock World Financials A2 SGD-H","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2635424718","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2635424718","pubTimestamp":1778616388,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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