|Day's Range||177.26 - 180.81|
|52 Week Range||144.00 - 186.06|
|PE Ratio (TTM)||23.78|
|Dividend & Yield||2.08 (1.13%)|
|1y Target Est||N/A|
Brown-Forman Corp, the maker of Jack Daniel's whiskey, said on Wednesday it was not for sale, following a media report that Corona beer maker Constellation Brands had offered to buy the company. "As a matter of corporate policy, Brown-Forman does not comment on market rumors or speculation. Garvin Brown IV said in a joint statement.
STZ shares sank on news that Brown-Forman's fifth-generation owners indicate no desire to sell.
The largest US beer importer, New York-based Constellation Brands, is trying to flirt with some of Kentucky’s bourbon royalty—and it doesn’t look to be working out so well. Constellation this week floated an acquisition proposal to Kentucky-based Brown-Forman—the maker of Woodford Reserve bourbon and Jack Daniel’s (a Tennessee whiskey), according to a report by CNBC.…