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By The Online Investor Staff, updated Fri., Mar. 27, 1:16 PM

Slide #3. Brown-Forman Corporation

Company: Brown-Forman Corporation (BFA)
$Amount Authorized: $1,000,000,000
Buyback Details: Brown-Forman Corporation (NYSE:BFA)(NYSE:BFB) 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 the amended repurchase program, the company can repurchase Class A and Class B common shares from time to time for cash in open market purchases, block transactions, and privately negotiated transactions in accordance with applicable federal securities laws. This share repurchase program may be modified, suspended, or terminated by the company at any time without prior notice.

Brown-Forman is primarily engaged in the manufacturing, bottling, importing, exporting, and marketing of a variety of alcoholic beverage brands. Co.'s principal beverage brands are, but not limited to: Jack Daniel's Tennessee Whiskey, Jack Daniel's Single Barrel, Gentleman Jack, Southern Comfort, Southern Comfort Ready-to-Drinks, Finlandia Vodka, Antiguo Tequila, Canadian Mist Blended Canadian Whisky, Chambord Liqueur, Don Eduardo Tequila, Early Times Bourbon, Early Times Kentucky Whisky, El Jimador Tequila, Herradura Tequila, Korbel California Champagnes, New Mix Ready-to-Drinks, Old Forester Bourbon, Pepe Lopez Tequilas, Tuaca Liqueur, Chambord Vodka and Woodford Reserve Bourbon.
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Company Name:  Brown-Forman Corp.
Sector:  Beverages & Wineries

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March 27, 2015    1:16 PM Eastern
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