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News articleYahoo Finance· July 26, 2026
Brown-Forman Board Issues Statement
View original at finance.yahoo.comBrown-Forman Board Issues Statement LOUISVILLE, Ky., July 26, 2026--(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, LP's view as noted below,…
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Marshall B. Farrer stated the Board and leadership team are confident in continued long-term growth and shareholder value, remain focused on the strategic plan, and are excited about the next chapter of leadership.
60% confidenceAs majority Class A shareholders spanning fourth-, fifth-, and sixth-generations, Wolf Pen Branch, LP is confident in Brown-Forman's business strength and believes Sazerac's proposal does not align with its vision for the company's future.
60% confidence
