The first entry is always the pin's source. Overall confidence is a weighted average of how firmly each reference supports the start and end times used above; a reference counts half as much for every 180 days older than the newest.
Brown-Forman's statement is dated July 26, 2026 and says its board 'has concluded that Sazerac's proposal is not actionable'.
The Spirits Business[4] reports the rejection, notes the deal would have put Jack Daniel's, Woodford Reserve and Old Forester with Buffalo Trace, Barton 1792 and A Smith Bowman, and that Sazerac declined to comment.
Reuters wire copy: Sazerac made a $32-per-share cash offer on May 1 valuing Brown-Forman[1] at about $15 billion, wrote to Class A holders the week before, and bid after Brown-Forman and Pernod Ricard ended merger talks in late April.
Reports CEO Lawson Whiting's planned retirement on the appointment of a successor, with a search under way, two weeks before the statement.[1]
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