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Fortune Brands Reports Accord to Sell Acushnet Golf Unit for $1.23 Billion

Fortune Brands Inc. (FO) reported an agreement for the sale of its Acushnet Co. golf business to a group led by Fila Korea Ltd. (081660), the owner of the Fila brand globally, and Mirae Asset Private Equity. The purchase price is $1.225 billion in cash.

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