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Fortune Brands (FO +0.4%) will sell its Cobra Golf line to Puma AG (PMMAF.PK), resulting in a...

Fortune Brands (FO +0.4%) will sell its Cobra Golf line to Puma AG (PMMAF.PK), resulting in a one-time gain of $0.05/share but trimming 2010 earnings by $0.02. Fortune will focus more on its existing golf brands Titleist and FootJoy.
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