A major spirits company has made a massive takeover bid for the owner of one of America’s most famous whiskey brands, according to a new report.
The Wall Street Journal reported Wednesday that Sazerac, a private liquor company, has submitted an acquisition proposal worth roughly $15 billion for Brown-Forman, the corporation behind Jack Daniel’s Tennessee whiskey.
The newspaper cited sources with direct knowledge of the potential deal in its reporting. The proposed transaction would represent one of the largest acquisitions in the spirits industry if completed.
Brown-Forman, which has owned the Jack Daniel’s brand for decades, has not publicly responded to the reported offer. Sazerac is known for owning numerous spirit brands and distilleries across the United States.
