Jack Daniel's maker Brown-Forman stock jumps on Sazerac deal interest

Shares of Brown-Forman surged on Thursday after reports that privately held Sazerac had approached the company about a potential deal, adding a new twist to ongoing consolidation efforts in the global spirits industry. The stock rose as much as 14.93% on Thursday following a report by The Wall Street Journal, reflecting investor optimism over a possible takeover or merger scenario.