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Beam Suntory Inc. (BEAM)
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Alert
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Date Filed
Type
Description
07/29/2011
8-K
Asset disposition
Docs:
"
Unaudited Pro Forma Consolidated Financial Information
",
"
FORTUNE BRANDS COMPLETES $1.225 BILLION SALE OF ACUSHNET COMPANY GOLF BUSINESS • Key Step in Plan to Separate Fortune Brands' Businesses • Net Proceeds Strengthen Balance Sheet, Capital Structures for Beam and Home & Security Deerfield, Illinois, July 29, 2011 - Fortune Brands, Inc. today completed the previously announced sale of the Acushnet Company golf business to a group led by Fila Korea Ltd. and Mirae Asset Private Equity. The price was $1.225 billion in cash. “The sale of Acushnet and its industry-leading Titleist and FootJoy brands represents a major milestone in our plan to separate our businesses to maximize long-term value for our shareholders,” said Bruce Carbonari, chairman and chief executive officer of Fortune Brands. “We will use the $1.1 billion in after-tax net proceeds ...
"
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