Report: Sazerac Offered $15 Billion to Buy Brown-Forman

Sazerac reportedly offered around $15 billion to buy Brown-Forman. The offer comes after news of discussions for a potential deal between French spirits producer Pernod Ricard and Brown-Forman, followed by rumors that Sazerac also approached the Louisville, Ky.-based whiskey giant. Brown-Forman’s shares are trading at $29.57 at the time of publication. Sazerac offered to buy Brown-Forman for $32 a share, the Wall Street Journal reports. Brown-Forman’s stock has climbed 25 percent since the initial reports of its discussions with Pernod. Its shares were down just over 2 percent this morning before word of the Sazerac offer was published. The article Report: Sazerac Offered $15 Billion to Buy Brown-Forman appeared first on VinePair.