Brown-Forman (BF-A) Increased Buyback Plan is Credit-Negative Event - Moody's

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Go back to Brown-Forman (BF-A) Increased Buyback Plan is Credit-Negative Event - Moody's

Brown-Forman (BF-A) Adds $1B to Common Buyback Plan

March 25, 2015 4:31 PM EDT

Brown-Forman (NYSE: BF-A) announced that its Board of Directors has approved a $1 billion increase to its share repurchase authorization and extended it through March 24, 2016, subject to market and other conditions. The existing buyback authorization had $108 million remaining as of market close on March 24, 2015. Under... More