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Sazerac is exploring a deal with Jack Daniel's maker Brown-Forman, the Wall Street Journal reported.
Sazerac is exploring a potential deal with Brown-Forman, owner of Jack Daniel's.
KEY POINTS
- Brown-Forman is simultaneously in merger talks with France's Pernod Ricard.
- Brown-Forman shares jumped 13% following news of Sazerac's approach.
- Sazerac previously acquired Southern Comfort and Tuaca from Brown-Forman in 2016.
COMPANIES
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