Fortune Brands to list its companies on NYSE

Fortune Brands Inc, a leading consumer brands company, yesterday said it plans to split into two companies, and upon completion of the formalities, both will be traded as two independent companies on the New York Stock Exchange.

Fortune Brands Home & Security, which the company intends to spin-off to shareholders, anticipates trading under the ticker symbol 'FBHS'.

The remaining company, a pure-play spirits company to be renamed Beam Inc., intends to trade as 'BEAM' and the current 'FO'ticker symbol will be discontinued.
''Consumers have called the Beam name for years - soon our investors will be able to, as well,'' said Beam president and CEO Matt Shattock.

''It will be fitting for our pure-play spirits company to trade under the ticker symbol BEAM, which reflects our company name, our flagship brand, and the centuries of heritage and authenticity behind our portfolio of leading premium spirits brands,'' Shattock added.

Chris Klein, president and CEO of Fortune Brands Home & Security said, preparing to list on the New York Stock Exchange under the symbol FBHS is another exciting step towards the spin-off of Fortune Brands Home & Security.

The proposed separation plan remains on track for completion early in the fourth quarter, and Fortune Brands expects to announce further details related to the spin-off of Fortune Brands Home & Security later this summer.