Acushnet Holdings Corp. announced the pricing of an offering of 8.33 million shares of its common stock by investment funds affiliated with Mirae Asset Global Investments Co. Ltd. at a public offering price of $17 per share.
The selling shareholder granted the underwriters in the offering a 30-day option to purchase up to an additional 833,231 shares of common stock that it owns. Acushnet is not selling any shares of common stock in this offering and will not receive any proceeds from the sales.
The offering is expected to close on November 16, 2017, subject to customary closing conditions.
Acushnet owns Titleist and FootJoy.
