Fortune Brands (FO) plans to spin off its home and security unit to shareholders in a tax-free...

|By:, SA News Editor

Fortune Brands (FO) plans to spin off its home and security unit to shareholders in a tax-free transaction, and either sell or spin off its golf unit. The remaining business will be the liquor brands, which generates around two-thirds of Fortune's profits and has already seen takeover interest. (PR)