Bloomberg is reporting that Fortune Brands has hired Morgan Stanley to run the auction of its golfing business, as it moves to divest itself of non-strategic assets and focus its attention to something that warms our hearts: making booze.
The golf unit includes the iconic Titleist golf balls brand, and is expected to fetch upwards of a billion and a half. That buys you a bit of whiskey we figure.
source: http://www.bloomberg.com/