$BF-B

Sazerac restated an all-cash $32 per share bid to acquire Brown-Forman (NYSE:BF-B), offering to buy Class A and B shares. The proposal cites 2026 pro forma revenue above $12B and EBITDA above $3B. Brown-Forman’s controlling voting block, Wolf Pen Branch LP, rejected the plan as not actionable, citing family control that requires approval. Brown-Forman previously ended talks with Pernod Ricard.

Brown-Forman (BF-B) said it views Sazerac’s unsolicited acquisition proposal as non-actionable. Brown-Forman considered feedback from Wolf Pen Branch, LP, representing Brown family members holding a majority of Class A shares, which said Sazerac’s offer does not fit its vision. BF-B shares closed at $26.08, up 1.48% on NYSE.

BROWN FORMAN CORP (BF-A) filed an SEC Form 8-K — Submission of Matters to a Vote of Security Holders. bfb-20260723 0000014693 false 0000014693 2026-07-23 2026-07-23 0000014693 us-gaap:CommonClassAMember 2026-07-23 2026-07-23 0000014693 us-gaap:NonvotingCommonStockMember 2026-07-23 2026-07-23 0000014693 bfb:TwoPointSixPercentNotesDueinFiscalTwoThousandTwentyNineMember 2026-07-23 2

Brown-Forman Q4 sales and earnings missed estimates, dragging shares down more than 15%. Fiscal 2026 outlook signals low-single-digit organic declines amid tariffs, FX headwinds, and weak barrel sales. Get the Strategy to Trade Pre-Fed Setups and Post-Fed Swings-Live With Chris Capre on ...