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Business will acquire Puma sports shoes brand Cobra Golf
Fortune Brands Inc. Wednesday (10 March) that it has with the Puma (Puma AG) reached an agreement to sell its golf brands Cobra, including the related intellectual property rights and sponsorship contracts for Puma.
Fortune Brands did not disclose financial terms of any transaction Kid shoes, but said it expects the transaction was a one-time earnings of 5 cents per share, prior to 2010, earnings per share will be reduced about 2 cents. The transaction is expected to end in the second quarter.
Fortune Brands Chairman and Chief Executive Bruce Carbonari said in a statement: "stripping Cobra brand, will enable us to focus on investment in the golf industry brands Titleist and FootJoy, which will be able to promote the growth of shareholder value, which represents our In the golf industry, the highest rate of return on investment choice. "