Fortune Brands Announces Agreement To Acquire Emtek And Schaub Premium Residential Hardware Brands And The U.S. And Canadian Yale And August Residential Smart Lock Brands From Assa Abloy

Fortune Brands Home & Security Inc (FBHS.N):

• FORTUNE BRANDS ANNOUNCES AGREEMENT TO ACQUIRE EMTEK AND SCHAUB PREMIUM RESIDENTIAL HARDWARE BRANDS AND THE U.S. AND CANADIAN YALE AND AUGUST RESIDENTIAL SMART LOCK BRANDS FROM ASSA ABLOY

• DEAL FOR A PURCHASE PRICE OF $800 MILLION, OR APPROXIMATELY $700 MILLION NET OF TAX BENEFITS