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Fortune Brands to split in 3

Fortune Brands headquarters. (AP)

Fortune brands, the Deerfield-based purveyor of golf balls, Sauza tequila and Moen faucets, announced it intends to split the company into as many as three parts.

Under a plan approved by Fortune‚Äôs board, the company expects to spin off its home and security business to shareholders, sell or spin off its golf business and become a publicly-traded spirits company. Get the full story »