Brown-Forman will look to spend US$250m on the repurchase programme

Brown-Forman will look to spend US$250m on the repurchase programme

Brown-Forman has lined up a share repurchase programme to the tune of US$250m.

The US-based wine and spirits company confirmed earlier today (25 March) that the programme, which covers buying back outstanding Class A and Class B common shares, will stay open up to 30 November. Under the plan, the company will look to repurchase shares in open market purchases, block transactions, and privately-negotiated transactions.

“The announcement of this share repurchase authorisation demonstrates our continued confidence in the long-term growth prospects of Brown-Forman.” said Brown-Forman's CEO, Paul Varga.

“The announcement of this share repurchase authorisation demonstrates our continued confidence in the long-term growth prospects of Brown-Forman.”