Acushnet Holdings Corp. commenced an offering of 8.33 million shares of its common stock by investment funds affiliated with Mirae Asset Global Investments Co. Ltd. The selling shareholder intends to grant the underwriters in the offering a 30-day option to purchase up to an additional 833,231 shares of common stock from their holdings.
Acushnet is not selling any shares of common stock in this offering and will not receive any proceeds from the sale.
Morgan Stanley and Nomura are acting as joint book-running managers for the offering. Morgan Stanley and Nomura propose to offer the shares of common stock to the public at a fixed price, which may be changed at any time without notice.
Acushnet’s common stock is listed on The New York Stock Exchange under the symbol “GOLF.” The last reported sale price of Acushnet’s common stock on the NYSE on November 10, 2017 was $19.22 per share.
The company owns Titleist, one of golf’s leading performance equipment brands, and FootJoy, one of golf’s leading performance wear brands.
