Fortune Brands Announces Stock Listing Information For Proposed Independent Cos; NYSE Ticker Symbols To Be BEAM And FBHS

Fortune Brands, Inc. FO today announced that, upon completion of its proposed separation plan, two of its businesses expect to trade as independent companies on the New York Stock Exchange. Fortune Brands Home & Security, which the company intends to spin-off to shareholders, anticipates trading under the ticker symbol “FBHS.” The remaining company, a pure-play spirits company to be renamed Beam Inc., intends to trade as “BEAM” and the current “FO” ticker symbol will be discontinued. “Consumers have called the Beam name for years – soon our investors will be able to, as well,” said Beam president and chief executive officer Matt Shattock. “It will be fitting for our pure-play spirits company to trade under the ticker symbol BEAM, which reflects our company name, our flagship brand, and the centuries of heritage and authenticity behind our portfolio of leading premium spirits brands.” Chris Klein, president and chief executive officer of Fortune Brands Home & Security said: “Preparing to list on the New York Stock Exchange under the symbol FBHS is another exciting step towards the spin-off of Fortune Brands Home & Security. As we become a focused publicly traded company, we're determined that investors associate FBHS with industry leadership and outperformance.”