Dear Client: That's what the Wall Street Journal is reporting. Sources tell the publication that Fortune Brands is now more likely to cooperate with William Ackman "on a plan to split up the company's three business units." Recall that his Pershing Square purchased an 11% stake in the company in October. That doesn't mean the plan will succeed, though, due to the "complexity inherent in untangling and valuing the three divisions." There is also the chance that Fortune could eventually
You need a subscription to access this article.Login now or subscribe to get daily industry insights!
Log In
Forgot Password
Don’t have an account yet?
SUBSCRIBE