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FED Meeting Live | Dow Jones | US Stock Market Live: Brown‑Forman shares drop 6% in premarket trading as deal talks with French spirits group Pernod collapse
Shares of Brown-Forman fell about 6% in premarket trading on Wednesday after the Jack Daniel’s whiskey maker and France’s Pernod Ricard scrapped their merger talks, turning investor focus back to a tougher demand environment. The discussions, first disclosed in March, ended by mutual agreement after the companies failed to reach mutually acceptable terms, they said on Tuesday.