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00:02U.S. Spirits Group Sazerac has offered to buy Brown Foreman for about $15 billion,
00:08proposing $32 per share, according to Reuters. The bid complicates Pernod Ricard's ongoing
00:13merger talks with the Jack Daniels maker. Brown Foreman shares closed at $29.57 below the offer,
00:20as investors weighed potential hurdles, including the Brown family's controlling stake.
00:26Sazerac declined to comment, and Brown Foreman and Pernod did not respond to Reuters' request for
00:30comment. Supply chain disruptions, tariff uncertainty, and declining post-pandemic demand
00:36are pressuring alcohol companies, driving consolidation as a way to cut costs and gain
00:41scale. Analysts said Pernod's proposal could involve a share swap that preserves family control.
00:47Sazerac has expanded through acquisitions, including brands from Brown Foreman, Pernod,
00:52and Diageo. For all things money, visit Benzinga.com.
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