Brown-Forman rises on report Sazerac bids $15 billion takeover

BFB Health

16/04/2026 09:36

** Shares of Jack Daniel's maker Brown-Forman BFb.N up 2.6% at $30.33 premarket

** U.S. spirits group Sazerac has offered to buy Brown-Forman for about $15 billion

** Sazerac has offered $32 per share, which represents a premium of 8.2% to BFb stock's last close of $29.57

** BFb holds market cap of $13.65 billion, as of Wednesday's close, according to LSEG-compiled data

** French spirits maker Pernod PERP.PA CEO Helene de Tissot says talks to merge with rival BFb are continuing

** BFb shares jumped 12.89% last week when report of a potential deal with Sazerac first emerged

** As of last close, BFb stock up 13.5% YTD, after five consecutive annual losses

 (Reporting by Utkarsh Tushar Hathi)

 ((utkarshtushar.hathi@thomsonreuters.com))