Acushnet Holdings Corp. Announces Pricing of Offering of Common Stock by Selling Shareholder
14 November 2017 - 10:14AM
Business Wire
Acushnet Holdings Corp. (NYSE:GOLF) (“Acushnet”) today announced
the pricing of an offering of 8,332,311 shares of its common stock
by investment funds affiliated with Mirae Asset Global Investments
Co. Ltd. (the “Selling Shareholder”) at a public offering price of
$17.00 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 from the Selling Shareholder.
Acushnet is not selling any shares of common stock in this offering
and will not receive any proceeds from the sale of the shares of
common stock by the Selling Shareholder. The offering is expected
to close on November 16, 2017, subject to customary closing
conditions.
Morgan Stanley and Nomura are acting as joint book-running
managers for the offering.
Acushnet has filed a registration statement (including a
prospectus) with the Securities and Exchange Commission (the “SEC”)
for the offering to which this communication relates. Before you
invest, you should read the prospectus in that registration
statement and other documents Acushnet has filed with the SEC for
more complete information about Acushnet, the Selling Shareholder
and this offering. You may get these documents for free by visiting
EDGAR on the SEC’s website at www.sec.gov. Alternatively, a copy of
the preliminary prospectus relating to the offering may also be
obtained from the office of Morgan Stanley, Attention: Prospectus
Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or
Nomura, Attention: Equity Syndicate, Worldwide Plaza, 309 West 49th
Street, 5th Floor, New York, NY 10019-7316, or by telephone at
(212) 667-9562.
This press release shall not constitute an offer to sell or the
solicitation of an offer to buy, nor shall there be any sale of
these securities in any state or jurisdiction in which such offer,
solicitation, or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Forward-Looking Statements
The statements contained in this release that are not historical
facts are forward-looking statements, including the fact that the
offering will close. These forward-looking statements are based on
current expectations and are subject to uncertainty and changes in
circumstances. Actual results may differ materially from these
expectations due to changes in global, regional or local economic,
business, competitive, market, regulatory and other factors, many
of which are beyond Acushnet’s control. Any forward-looking
statement in this release speaks only as of the date of this
release. Acushnet undertakes no obligation to publicly update or
review any forward-looking statement, whether as a result of new
information, future developments or otherwise, except as may be
required by any applicable securities laws.
About Acushnet Holdings Corp.
We are the global leader in the design, development, manufacture
and distribution of performance-driven golf products, which are
widely recognized for their quality excellence. Driven by our focus
on dedicated and discerning golfers and the golf shops that serve
them, we believe we are the most authentic and enduring company in
the golf industry. Our mission - to be the performance and quality
leader in every golf product category in which we compete - has
remained consistent since we entered the golf ball business in
1932. Today, we are the steward of two of the most revered brands
in golf – Titleist, one of golf’s leading performance equipment
brands, and FootJoy, one of golf’s leading performance wear
brands.
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version on businesswire.com: http://www.businesswire.com/news/home/20171113006434/en/
Media contact:AcushnetPR@icrinc.comInvestor
Contact:IR@AcushnetGolf.com
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