Fortune Brands has hired Morgan Stanley to auction its golf division, a sale that may fetch as much as $1.5 billion, Bloomberg reported, citing four people with knowledge of the matter. Get the full story »
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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’s 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 »
