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Adidas Finally Sells Golf Business For $425 Million
Wednesday, May 10, 2017 - 2:19pm | 531Adidas AG(ADR) (OTC: ADDYY) announced it has finally sold off its golf segment to KPS Capital Partners for $425 million. The deal is expected to close towards the end of 2017. Adidas has been shopping its golf segment, which includes leading golf brand TaylorMade, along with Adams Golf and apparel...
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Titleist Hits The Green On Its First Day Of Trading
Friday, October 28, 2016 - 4:06pm | 446Acushnet Holdings Corp. (NYSE: GOLF), parent company of golf equipment leader Titleist, officially launched its IPO Friday amid a trying time for the industry. Announced last year in November, the Titleist offering shocked many, coming at a time when the majority of the sentiment around the...
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As GOLF Goes Public, Look At Competitor Callaway's Recent Figures
Friday, October 28, 2016 - 1:54pm | 426Acushnet Holdings Corp. (NASDAQ: GOLF) began trading for the first time on a public exchange Friday. The company manufactures golf equipment and is the parent company of the Titleist and Pinnacle brands. According to a Bloomberg report from August, fewer people are playing golf today — which...
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Fila Korea Plans To Up Stake To 50% In Titleist's IPO Next Week
Friday, October 21, 2016 - 4:58pm | 227Fila Korea Ltd (KRX: 081660) has announced it will increase its stake in Acushnet's upcoming IPO to 50 percent. Golf equipment manufacturer Acushnet, parent company of Titleist, is set to launch a $1.78 billion initial public offering next week. Shares of the Acushnet IPO will be priced in the $...
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Titleist Parent Company Acushnet Files S-1, IPO Coming Soon
Tuesday, June 21, 2016 - 6:45am | 144The parent company of leading golf equipment manufacturer Titleist filed its S-1 form with the SEC on Monday, preparing to be the second publicly traded golf company behind Callaway Golf Co (NYSE: ELY). The IPO is expected to value the company at nearly $2 Billion. Titleist will trade under a...
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Titleist IPO Aims For The Green
Wednesday, June 1, 2016 - 10:49am | 450The golf Industry is about to undergo some massive restructuring. Last month, it was announced Adidas is moving forward selling its golf Segment, including Taylor-Made, one of the biggest equipment brands in golf. Some top analysts have been down on the golf equipment business and have advocated...