Brown-Forman Family Prefers Pernod Deal Over Sazerac

Brown-Forman family favors selling to French distiller Pernod Ricard rather than accepting Sazerac's proposal.
The proposed transaction would be structured as 80% stock and 20% cash, giving the family a larger stake and more influence.
Brown-Forman and Pernod are discussing keeping Louisville, Kentucky as a key region for the combined entity, though its exact role is unclear.