Alert: Constellation Makes Offer for B-F, Gets Rebuffed

Constellation Brands has approached Brown-Forman and is looking to buy, according to anonymous sources, reports CNBC. B-F's ownership, the Brown family, has never expressed interest in selling, but the company's market cap is valued at about $22 billion.Earlier today we reported that the Brown-Forman stock jumped a whopping 7.5% to $56.92. One possible reason why the stock jumped was a potential merger or acquisition, though we thought that to be the least likely reason. We stand corrected.B-F said it's not