Inside these posts: Golf balls

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Fortune hires Morgan Stanley to auction golf unit

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 »

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 »