Brown-Forman shares spike on acquisition offer from rival Constellation

Shares of Brown-Forman spiked 7.5 percent Monday as Constellation Brands offered to buy the Louisville-based distiller, which declined to sell, according to CNBC. The business news outlet reported the offer on Tuesday, citing unnamed sources who said that the Brown-Forman board had been notified of the offer but “was not interested in selling.” The majority […]