FINWIRES · TerminalLIVE
FINWIRES

Brown-Forman, Pernod Ricard End Talks on Potential Combination

By

Brown-Forman (BF.A) and Pernod Ricard ended discussions over a potential business combination after failing to reach mutually agreeable terms.

"We intend to create long-term value for all stakeholders by focusing on our strategic and operational priorities," Brown-Forman said Tuesday in a statement. "This includes unlocking future growth by expanding our geographic footprint, continuing to build brands that resonate with consumers, and enhancing operational efficiency."

In late March, the companies confirmed they were in talks, noting "there could be no assurance that any such agreement would be reached."

Brown-Forman shares fell 2.9% in after-hours trading.

Related Articles

Wire

Jade Gas Holdings Gets Mongolian Authority Approval for Coal Bed Methane Project Appraisal Report

Jade Gas Holdings (ASX:JGH) received approval from the Mineral Resources and Petroleum Authority of Mongolia for its appraisal report for the Tavantolgoi coal bed methane project, according to a Tuesday Australian bourse filing.The next stage in securing a long-term production license for the project is reserve booking, which will validate and register the company's maiden gas reserves under Mongolia's mineral and petroleum reporting standards, per the filing.The company's shares fell nearly 2% in recent trading on Tuesday but earlier hit their highest since May 2024.

ASX:JGH
Wire

Brown & Brown Q1 Adjusted Earnings, Revenue Rise

Brown & Brown (BRO) reported Q1 adjusted earnings late Monday of $1.39 per diluted share, up from $1.29 a year earlier.Analysts polled by FactSet expected $1.36.Revenue for the three months ended March 31 was $1.9 billion, up from $1.4 billion a year earlier.Analysts surveyed by FactSet expected $1.89 billion.The company's shares rose 2.8% in after-hours trading.

$BRO
Wire

Ranger Energy Services Q1 Earnings, Revenue Rise; Shares Fall After Hours

Ranger Energy Services (RNGR) reported Q1 earnings Monday of $0.12 per diluted share, up from $0.03 a year earlier.One analyst polled by FactSet expected $0.13.Revenue in the three months ended March 31 rose to $159.1 million from $135.2 million a year earlier.Three analysts surveyed by FactSet expected $156.2 million.Ranger Energy shares fell 10% in after-hours trading.

$RNGR