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0 -0.000672494956287813 -0.000672494956287813 -0.00168123739071959 0 -0.0107599193006053 -0.0124411566913248 -0.0124411566913248
Stock impact report

Why Brown-Forman (BF.B) Remains at the Center of Active Deal Talks [Yahoo! Finance]

Brown Forman Inc Class A (BF.A) 
Company Research Source: Yahoo! Finance
Brown-Forman Corporation (NYSE:BF.B) is one of the takeover rumors targeted by short sellers. The latest development came on April 16, when Pernod Ricard CFO Helene de Tissot said talks with Brown-Forman were still “ongoing,” just a day after Reuters reported that Sazerac had offered about $15 billion, or $32 per share, for the Jack Daniel's maker. That keeps Brown-Forman in genuinely active deal territory rather than loose market chatter. It also leaves the company caught between two different transaction paths: Sazerac's more traditional bid and a possible Pernod combination that Reuters said could involve a significant stock component, potentially allowing the Brown family to keep some influence over the business. Why Brown-Forman (BF.B) Remains at the Center of Active Deal Talks The market still looks cautious about how cleanly any deal could happen. Reuters said Brown-Forman shares closed at $29.57 on April 15, below Sazerac's indicated offer price, suggesting investors we Show less Read more
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