Pernod Ricard and Brown-Forman merger talks collapse over terms
Updated
Updated · The New York Times · Apr 28
Pernod Ricard and Brown-Forman merger talks collapse over terms
17 articles · Updated · The New York Times · Apr 28
Negotiations between France's Pernod Ricard and Jack Daniel’s maker Brown-Forman ended after failing to agree on terms, with no details disclosed.
The breakdown may open the door for Sazerac, which is preparing a $15 billion all-cash bid for Brown-Forman, advised by Centerview Partners and Woolery & Co.
The alcohol industry faces tariffs, supply chain issues, and declining consumption, while both companies remain family-influenced and have histories of major acquisitions.
Will the Brown family's 70% control block Sazerac’s $15B bid, or is a sale of Jack Daniel’s now inevitable?
Is Sazerac's $15B all-cash bid a masterstroke or a gamble in a shrinking alcohol market?
Was it a culture clash or fear of a US regulatory block that doomed the Pernod Ricard 'merger of equals'?
Are weight-loss drugs the hidden force driving this merger frenzy as alcohol consumption declines?
As deal volume soars, are 100-hour workweeks the unavoidable price for closing these mega-mergers?