This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Fortune Brands Announces Results And Proration Of Tender Offers

Stocks in this article: FO

Fortune Brands, Inc. (NYSE:FO) today reported the results and proration of its previously announced tender offers (the "Tender Offers") for up to an aggregate purchase price of $1.05 billion of its outstanding notes listed in the table below (collectively, the "Notes"). The Tender Offers commenced on July 28, 2011 and expired at 11:59 p.m., New York City time, on August 24, 2011 (such date and time, the "Expiration Date"). The settlement date was August 25, 2011.

The following table provides the results of the Tender Offers as of the Expiration Date for each series of Notes:

        Principal     Principal     Principal Amount    
CUSIP Amount Amount Accepted for Acceptance
Notes     Number     Outstanding     Tendered     Purchase     Priority Level
 
5.375% Notes 349631AL5 $950,000,000 $670,014,000 $550,000,000 1(a)
due 2016
 
8.625% Debentures 49631AD3 $90,986,000 $31,686,000 $31,686,000 2
due 2021
 
7.875% Debentures 349631AE1 $150,000,000 $36,208,000 $36,208,000 3
due 2023
 
4.875% Notes 349631AK7 $300,000,000 $119,521,000 $119,521,000 4
due 2013
 
6.375% Notes 349631AP6 $500,000,000 $256,271,000 $173,586,000 5
due 2014
 

(a) Subject to a limit of $550 million principal amount.

1 of 3

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs