BEAM INC 8-K 2007
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): November 9, 2007
Fortune Brands, Inc.
(Exact Name of Registrant as Specified in its Charter)
520 Lake Cook Road
Deerfield, IL 60015
(Address of Principal Executive Offices) (Zip Code)
(Registrants telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
INFORMATION TO BE INCLUDED IN THE REPORT
On November 12, 2007, Fortune Brands, Inc. (Fortune Brands or the Company) issued a press release announcing that its spirits and wine business, Beam Global Spirits & Wine, Inc. (Beam Global), entered into an agreement for the sale of Beam Globals wine business to Constellation Brands, Inc. (Constellation Brands). The press release is attached as Exhibit 99.1 hereto.
On November 9, 2007, Beam Global and Constellation Brands entered into a Stock Purchase Agreement for the sale of all of the issued and outstanding stock of Beam Wine Estates, Inc., a wholly-owned subsidiary of Beam Global (Beam Wine), in exchange for $884.5 million in cash on a cash free, debt-free basis (the Agreement). The sale includes all of Beam Wines wine brands, including Clos du Bois, Geyser Peak, Wild Horse, Buena Vista Carneros and Gary Farrell, as well as the associated vineyards, winemaking assets, management and sales forces. The Agreement contains, among other things, customary conditions to close, including expiration or termination under the Hart-Scott- Rodino waiting period, and termination rights customary for transactions of this type.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: November 14, 2007