Sazerac Urges Brown-Forman Shareholders to Reconsider $15 Billion Takeover Offer

businessmergers-acquisitions 3 posts · 3 accounts

Sazerac sent a letter to Brown-Forman shareholders, urging them to reconsider a $15 billion takeover bid that the company previously rejected.

Brown-Forman did not disclose the terms of the latest offer. The Louisville, Kentucky-based distiller is also facing a direct appeal from Sazerac, the maker of Buffalo Trace and BuzzBallz, to secure the backing of the Brown family. The owner of Jack Daniel’s has yet to comment on the renewed proposal.

From the sources (3 posts)

@stockmktnewz

Sazerac the maker of BuzzBallz and Buffalo Trace, has sent a letter to a group of Brown-Forman $BF shareholders to reconsider its $15B buyout offer that had been rejected Brown Forman owns Jack Daniel's - WSJ

@business

Brown-Forman did not disclose the terms of the latest offer from Sazerac, which had offered to buy the company earlier this year

@wsj

The Louisville, Ky., company is appealing to members of the Brown family to consider its previously rejected takeover proposal.

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