Market Chatter: Brown-Forman Said to Favor Sale to Pernod Ricard Over Sazerac

MT Newswires Live
Apr 20

Brown-Forman (BF.A) is said to favor a potential sale to Pernod Ricard over another proposal from Sazerac, Bloomberg reported Monday, citing a person familiar with the company's thinking.

The maker of Jack Daniel's sees the French distiller as a better fit than Sazerac because the combined company would be diversified across types of spirits and geographies, the report said, citing the person. A deal with Pernod would also give Brown-Forman a bigger stake in the business and more influence, the report said.

Brown-Forman didn't immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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