Fortune Brands reports spin-off progress

20 July 2005 – Lincolnshire (IL): Fortune Brands has reported that the proposed spin-off of its office products business and the unit’s subsequent merger with General Binding Corporation (GBC) is progressing well.

The deal has received the green light from federal regulators and the registration for issuance of Acco Brands common stock has been declared effective.

GBC is to hold a meeting with stockholders on 15 August at its Northbrook headquarters to approve the merger, which is expected to close shortly afterwards.

It is expected that Acco Brands’ common stock will be listed on the New York Stock Exchange under the symbol ABD.