By Laura Cooper and Lauren Thomas

Sazerac offered to buy Brown-Forman for around $15 billion, people familiar with the matter said.

Sazerac recently approached Jack Daniel's maker Brown-Forman about a potential deal, The Wall Street Journal reported last week. The interest comes as Brown-Forman has been in deal talks with another competitor, French spirits-maker Pernod Ricard.

Sazerac offered Brown-Forman $32 a share, the people said. Brown-Forman's shares were trading above $28 midday Wednesday, having run up in recent weeks on news of the takeover interest.

(END) Dow Jones Newswires

April 15, 2026 14:53 ET (18:53 GMT)