Friday, August 10, 2012

Reuters: Regulatory News: RPT-CORRECTED-BRIEF-PNC amends erroeous Brown-Forman filing

Reuters: Regulatory News
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RPT-CORRECTED-BRIEF-PNC amends erroeous Brown-Forman filing
Aug 10th 2012, 21:03

Fri Aug 10, 2012 5:03pm EDT

(Corrects headline and text after PNC revises filing to show it does not control 10.32 pct stake in Brown-Forman)

Aug 10 (Reuters) - Aug 10 (Reuters) - PNC Financial Services Group Inc said on Friday that it erroneously reported a 10.32 percent stake in Brown-Forman Corp, which would have made it the alcoholic drink maker's largest shareholder, with shares worth $810.9 million.

The financial services company does own a stake in Brown-Forman, but it is below the 5 percent threshold that would require PNC to disclose the stake, PNC spokeswoman Amy Vargo said. She could not say how the error occurred.

The erroneous disclosure was made in a filing with the U.S. Securities and Exchange Commission. PNC later filed an amended document to correct the error.

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