Brown-Forman Board Increases Share Repurchase Authorization by $1 Billion
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Brown-Forman (BF-A) Increased Buyback Plan is Credit-Negative Event - Moody's
March 26, 2015 12:15 PM EDTMoody's Investors Service said today that Brown-Forman Corporation's announcement that it will increase its share repurchase authorization to allow an additional $1 billion in repurchases through March 24, 2016 is credit negative, but that the company's A1/ Prime-1 ratings and stable outlook will not be affected.
... MoreBrown-Forman (BF-A) Adds $1B to Common Buyback Plan
March 25, 2015 4:31 PM EDTBrown-Forman (NYSE: BF-A) announced that its Board of Directors has approved a $1 billion increase to its share repurchase authorization and extended it through March 24, 2016, subject to market and other conditions. The existing buyback authorization had $108 million remaining as of market close on March 24, 2015. Under... More
