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Brown-Forman plans to sell Southern Comfort for $543 million
2016-01-14 16:39:02| Food - Topix.net
Southern Comfort's parent company says it is selling the iconic brand to a rival in a $543.5 million deal. Brown-Forman CEO Paul Varga says decision to sell the brands reflects the Louisville-based company's "evolving portfolio strategy" and its focus on top-priority brands.
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UPDATE 1-Jack Daniel's owner to sell Southern Comfort, Tuaca brands
2016-01-14 15:40:13| Beverages - Topix.net
Jan 14 Brown-Forman Corp, the maker of Jack Daniel's whiskey, said it would sell its liqueur brands, Southern Comfort and Tuaca, to alcohol maker Sazerac for $543.5 million. Reuters reported in September, citing sources, that the company had hired Goldman Sachs Group Inc to explore a sale of some brands as it wanted to focus on its core whiskey business.
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Brown-Forman to sell Southern Comfort, Tuaca to Sazerac for US$544m
2016-01-14 14:51:00| Daily beverage news and comment - from just-drinks.com
Brown-Forman has agreed to sell its Southern Comfort and Tuaca brands to Sazerac in a deal worth US$543.5m.
Tags: sell
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southern comfort
Norfolk Southern consolidates Virginia units to reduce costs
2016-01-14 01:00:00| Railway Technology
US rail company Norfolk Southern (NS) is consolidating its Virginia and Pocahontas units to form the new Pocahontas Division as part of its aim to reduce costs and support long-term growth.
Tags: costs
reduce
units
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Burke & Herbert Bank & Trust Company Reduces Stake in Norfolk Southern Corp.
2016-01-13 14:00:21| Railroads - Topix.net
Burke & Herbert Bank & Trust Company lowered its position in Norfolk Southern Corp. by 3.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 13,385 shares of the railroad operator's stock after selling 435 shares during the period.
Tags: company
bank
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