Brown-Forman board rejects unsolicited Sazerac acquisition bid

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Go back to Brown-Forman board rejects unsolicited Sazerac acquisition bid

Brown-Forman Board Issues Statement

July 26, 2026 5:03 PM EDT

LOUISVILLE, Ky.--(BUSINESS WIRE)-- Brown-Forman Corporation (NYSE: BFA, BFB) today announced that its Board of Directors has received an unsolicited proposal from Sazerac to acquire Brown-Forman, and, taking into consideration Wolf Pen Branch, LPs view as noted below, has concluded that Sazerac's proposal is not actionable.

Wolf Pen Branch, LP, a collection of Brown family members representing the majority of Brown-Forman Class A shares, said, As fourth-, fifth- and sixth-generation shareholders of Brown-Forman, we care deeply about the company its brands, its people, and its culture. We are confident in the strength and competitive position of... More