Brown-Forman Class A

BF.A

Market cap $12.6B

Jack ​Daniel's maker ‌Brown-Forman has rejected the ​roughly $15 ​billion takeover ⁠offer ​from rival ​Sazerac, the Wall ​Street ​Journal reported on ‌Tuesday, ⁠citing people familiar ​with ​the ⁠matter.

Advisers for Brown-Forman informed Sazerac on Monday that the company was rejecting the $32-a-share cash offer.

LOUISVILLE, Ky.--(BUSINESS WIRE)--Brown-Forman Corporation (NYSE: BFA, BFB) will release its fourth quarter and fiscal year 2026 financial results on June 4, 2026, by 8:00 a.m. (EDT), followed by a conference call to discuss the results at 10:00 a.m. (EDT). A live audio broadcast of the conference call will be available via Brown-Forman's website, brown-forman.com, through a link to "Investors/Events & Presentations." A digital audio recording of the conference call will be available on the.

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The deal between Brown-Forman and Pernod Ricard is off the table, but that is not the end of it. Another bidder has recently stepped in, and the chances of some form of a deal remain. The issue around a target price as Brown-Forman trades at record-low levels is likely to be the cause of Pernod Ricard walking away.

Brown-Forman, the maker of Jack Daniels, and Pernod Ricard fail to reach mutually agreeable merger terms.

LOUISVILLE, Ky.--(BUSINESS WIRE)--Brown-Forman Corporation (NYSE: BFA, BFB) today announced the strategic realignment of its U.S. control states distribution network. Following a comprehensive review of its distributor agreements across 18 state-managed markets—where government agencies oversee the wholesale or retail distribution of distilled spirits—the company has selected four distributor organizations to represent its portfolio in 11 markets. The remaining seven control states will continu.

Shares of Brown-Forman fell nearly 6% in premarket trading on Wednesday after the Jack Daniel's whiskey maker and France's ​Pernod Ricard scrapped their merger talks, turning investor focus back ‌to a tougher demand environment.

The French spirits company and the Jack Daniel's maker announced in March that they were discussing a potential combination

PARIS--(BUSINESS WIRE)--Regulatory News: Pernod Ricard (Paris: RI) Press release – Paris, 28th April 2026 On 26 March 2026, Pernod Ricard and Brown-Forman confirmed that they were in discussions regarding a potential business combination. Pernod Ricard today announces that these discussions have ended and did not result in an agreement as the companies were unable to reach mutually acceptable terms. Pernod Ricard remains fully focused and confident in its strategy and operating model, supported.