American Brands announces completion of Gallaher spin-off.OLD GREENWICH, Conn.--(BUSINESS WIRE)-- May 30, 1997--American Brands, Inc. (NYSE- AMB AMB Ambient AMB Ambassador AMB Amber AMB Ambulance AMB Associação Médica Brasileira (Brazil) AMB Ambulatory AMB Advanced Memory Buffer (FBDIMM control unit on DRAM) ) today announced that the spin-off of its international tobacco operations conducted by its wholly-owned subsidiary, Gallaher Group Plc, to American Brands Common stockholders was completed. The Company also announced that the change in its name from American Brands to Fortune Brands would be effective later today. The Common stock of Fortune Brands will begin trading on Monday, June 2, 1997 under the symbol "FO". Fortune Brands, Inc. is an international consumer products holding company with headquarters in Old Greenwich, Connecticut. Its operating companies have powerhouse brands and leading market positions. Home and office products consist of hardware and home improvement brands -- including Moen faucets, Master locks and Aristokraft cabinets sold by units of MasterBrand Industries -- and office products brands -- including ACCO ACCO American College of Chiropractic Orthopedists ACCO Association of County Commissioners of Oklahoma ACCo American Cyanamid Company ACCO Adenoid Cystic Carcinoma Organization ACCO American Clip Company ACCO Assistant Central Control Officer World Corporation's Day-Timer and Swingline. Acushnet Company's golf brands include Titleist, Cobra, Pinnacle and Foot-Joy. Major distilled spirits brands sold by units of JBB JBB Joint Base Balad (Iraq) JBB John Benjamin Band Worldwide, Inc. include Jim Beam and the Small Batch Bourbons, DeKuyper cordials, After Shock liqueur liqueur (lĭkûr`), strong alcoholic beverage made of almost neutral spirits, flavored with herb mixtures, fruits, or other materials, and usually sweetened. The name derives from the Latin word to melt. and Whyte & Mackay Scotch. CONTACT: Media Relations: Investor Relations Investor relations The process by which the corporation communicates with its investors. : Roger W. W. Baker Daniel A. Conforti (203) 698-5148 (203) 698-5132 |
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