Group 1 - Pernod Ricard shares increased by approximately 1.5% following the confirmation of merger discussions with Brown-Forman, the owner of Jack Daniel's [1] - Prior to the announcement, Pernod Ricard's shares had closed nearly 6% lower, indicating a significant market reaction to the merger news [1]

Group 1 - Pernod Ricard is considering a potential acquisition of Brown-Forman, the owner of Jack Daniel's [1][2] - Brown-Forman's market capitalization is approximately $11 billion, while Pernod Ricard's market capitalization is around €16.06 billion ($18.53 billion) [2] - Following the news, shares of Brown-Forman increased by nearly 15%, whereas Pernod Ricard's shares declined by about 4% [2]