, Columnist
Brown-Forman Should Rethink Spurning a Boozy Hook-Up
Constellation Brands may be giving the wine-and-spirits maker a chance to go out on top.
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As you break out the Korbel at brunch this Memorial Day weekend, here's something to ponder: The $21 billion company that sells the sparkling-wine brand appears to have attracted unwanted takeover advances. So what will its suitor do next?
According to a CNBC report Tuesday afternoon, Brown-Forman Corp. -- which also makes Jack Daniel's whiskey, Herradura tequila and Chambord liqueur -- has received an offer from Constellation Brands Inc., one of the busiest acquirers lately in the alcoholic beverage space. Brown-Forman is a family-controlled company and one said to not be interested in selling.