Brown-Forman board rejects Sazerac takeover proposal
BF.B•Board rejects unsolicited acquisition proposal
- Sazerac made an unsolicited proposal to acquire Brown-Forman.
- Brown-Forman’s board determined the approach was not actionable.
- Wolf Pen Branch, representing a majority of Brown-Forman Class A shares, opposed the proposal as misaligned with its long-term vision.
