Fortune Brands Announces Filing of Form 10 Registration Statement for Proposed Spin-off of Home & Security Business (FO)

Fortune Brands, Inc. FO today announced that its Fortune Brands Home & Security business has filed an initial Form 10 Registration Statement with the Securities & Exchange Commission in connection with its proposed spin-off from Fortune Brands. The spin-off is part of the company's proposed plan to separate its three businesses by spinning off Home & Security in a tax-free transaction, selling or spinning off its Acushnet golf business, and remaining a pure-play spirits company to be named Beam. The company announced yesterday that it currently anticipates completing the proposed separation of its businesses early in the fourth quarter.