Brown-Forman rejects 15 billion dollar Sazerac offer
Brown-Forman has turned down a 32 dollar per share cash acquisition proposal from rival spirits group Sazerac. The decision follows the recent termination of merger discussions with Pernod Ricard as the controlling family reportedly favored the French distiller over the American suitor.
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BROWN-FORMAN CORP-CLASS A rejected a $32 per share cash takeover offer from rival Sazerac. The rejection follows the termination of merger discussions with PERNOD RICARD SA in late April. Brown-Forman ended talks with the French spirits maker without reaching a deal.
