Latest
finance.yahoo.com Market update
Brown-Forman Corporation (BF-B) Says No to Sazerac’s $15 Billion Takeover Bid, Again
Brown-Forman Corporation (NYSE:BF-B) rejected a renewed $15 billion takeover bid from privately held spirits company Sazerac, calling the offer "not actionable." Sazerac's proposal, an all-cash offer of $32 a share, represents roughly a 23% premium to Brown-Forman's recent closing price, though the company's actual market value is closer to $13 billion. Sazerac first made the offer on May …