THIS STORY HAS BEEN FORMATTED FOR EASY PRINTING

Fortune Brands to take $100M restructuring charge

January 6, 2009
  • Email|
  • Print|
  • Single Page|
  • |
Text size – +

DEERFIELD, Ill.—Fortune Brands Inc. said Tuesday it would record a $100 million pretax restructuring charge when it reports fourth-quarter and full-year results.

The charges mostly relate to restructuring efforts within the company's home and hardware segment, according to a regulatory filing.

The company said it was restructuring the unit to enhance its position in the "challenging" economic environment.

Fortune Brands, based in suburban Chicago, makes wine and spirits, home and hardware products as well as golf equipment.

The company has not yet announced when it will report fourth-quarter results.

Its shares fell 32 cents to close at $42.10 Tuesday.

© Copyright 2009 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
  • Email
  • Email
  • Print
  • Print
  • Single page
  • Single page
  • Reprints
  • Reprints
  • Share
  • Share
  • Comment
  • Comment
 
  • Share on DiggShare on Digg
  • Tag with Del.icio.us Save this article
  • powered by Del.icio.us
Your Name Your e-mail address (for return address purposes) E-mail address of recipients (separate multiple addresses with commas) Name and both e-mail fields are required.
Message (optional)
Disclaimer: Boston.com does not share this information or keep it permanently, as it is for the sole purpose of sending this one time e-mail.