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Stock impact report

Struggling Texas-born alcohol distributor may sell its home state market [Yahoo! Finance]

Brown Forman Inc Class A (BF.A) 
Company Research Source: Yahoo! Finance
of its markets, including Texas, to Chicago-based Reyes Beverage Group. (Doug McSchooler/Associated Press) In 1939, Ed Block Sr. founded Block Distributing Co. in San Antonio. The company later became a cornerstone of the modern Grand Prairie-based Republic National Distributing Co. , the nation's second-largest wine and spirits distributor. Now, Republic National is considering cutting ties with its state of origin altogether. Amid a recent string of troubles for the distributor, Republic National is in talks to sell 11 of its markets, including Texas, where it's headquartered, to Chicago-based Reyes Beverage Group , the nation's largest beer distributor. MORE REPUBLIC NEWS: Struggling Texas-based alcohol distributor confirms layoffs in statement In addition to Texas, Reyes has sent a proposal to purchase Republic National's Arizona, Colorado, Florida, Hawaii, Louisiana, Maryland, Oklahoma, South Carolina, Virginia and Washington, D.C., markets, according to a spokesperson Show less Read more
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