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Fortune Brands Innovations Inc

FBIN: XNYS (USA)

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Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$66.00	Qyymrfk	Dhtjcbw

Fortune Brands Completes Cabinets Spinoff; Shares Are Attractively Priced Amid Positive Catalyst

Brian Bernard , Noah Rohr

Dec 15, 2022

Fortune Brands completed the tax-free spinoff of its $3.3 billion (our 2022 sales estimate) cabinets business on Dec. 14. The remaining company, comprising the water innovations and outdoors and security segments, was renamed Fortune Brands Innovations (ticker: FBIN) and the cabinets business now trades separately as MasterBrand Inc. (ticker: MBC). Investors received one share of MasterBrand common stock for each share held in Fortune Brands.

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