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| The Board of Directors of Acuity Brands, Inc. has approved the
completion of the previously announced spin-off of its specialty
products business. The new company will be called Zep Inc., and it
is expected to be listed on the New York Stock Exchange under the
ticker symbol "ZEP". Acuity Brands will distribute pro rata to its stockholders all of the shares of Zep common stock by means of a stock dividend on October 31, 2007. The stock dividend of one share of Zep common stock for every two shares of Acuity Brands common stock will be paid pro rata to holders of Acuity Brands common stock who hold their shares at the close of business on October 17, 2007, which is the record date for the distribution. |
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