Brown-Forman Board Approves New Share Repurchase Authorization of $1 Billion and Declares Cash Dividend
Louisville, KY, January 28, 2016 – Brown-Forman Corporation (NYSE: BFB, BFA) announced that its Board of Directors has approved a new $1 billion share repurchase authorization, commencing April 1, 2016 through March 31, 2017, subject to market and other conditions. The current buyback expires on March 24, 2016. Under the new repurchase program, the company…