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Fortune Brands Sells Golf Unit
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Fortune Brands Sells Golf Unit
Fortune Brands (FO) took the latest step in its plans to separate into three units today, announcing it has agreed to sell its Acushnet Company golf business to a group led by Fila Korea and Mirae Asset Private Equity, for $1.225 billion in cash. Fortune Brands said it will realize net proceeds of about $1.1 billion on the sales, after taxes and expenses.
Video Length: 0
Date Found: May 20, 2011
Date Produced: May 20, 2011
View Count: 0
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