Fortune Brands announced yesterday in a press release, bringing the home and security as an independent company went public and listed com the golf unit (Titleist), either for sale or on the exchange.
After completing these transactions is still the spirits segment (including Jim Beam, Maker's Mark, Knob Creek, Booker's, Laphroaig, Ardmore) under the name Fortune Brands.
The Fortune Brands management decision is to pressure the hedge fund Pershing Square Capital Management LP, respectively of its shareholder, founder and CEO William Ackman back to lead that rose within a few months, the largest shareholder in the U.S. spirits producer .
Doug Lane, an equity analyst at Jefferies & Co. valued the home and safety division with USD 3.5 billion, the Gulf region to $ 1.1 billion and the remaining spirits segment to $ 8.4 billion.
with the management decision of the spin-offs, the rating agency Standard & Poor's reassessment of the credit quality has announced currently Baa3.
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