Fortune Brands raises tender offer to $1.05b
Consumer goods holding company Fortune Brands has raised a $1 billion debt tender offer to $1.05 billion due to oversubscription, The Wall Street Journal reported. The proceeds from the company's sale of golf equipment and apparel business Acushnet to a consortium led by Korean Sportwear maker Fila and Seoul-based Mirae Asset Private Equity will also be put towards the tender.
Fortune Brands, which owns spirits brands including Jim Bean and Sauza tequila, launched the debt tender offer last month. The notes from the offer have maturity deadlines between 2013 and 2036, with total...
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