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Sazerac reportedly offered $15 billion to acquire Brown-Forman as takeover interest in the company grows.
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The company said the partnership would be a merger of equals.
Keith Kaiser joins the Nutcracker cast for a behind the scenes look.
Brown-Forman will buy back $400 million in shares by 2026 after reporting lower sales and earnings.
The layoffs will start April 1.
The distillery, in Northeast Scotland, makes single malt Scotch.
It was one of several gifts given out to lawmakers and other attendees Monday.
Brown-Forman's recent announcement of layoffs at its cooperage facility marks another major restructuring move for a prominent Louisville-based company, reflecting ongoing challenges faced by businesses in a shifting economic landscape.
Here are some of the people we lost in the past year.
Keith Kaiser gets a behind the scenes look at the Brown-Forman Nutcracker.