Acushnet Holdings Corp. Announces Closing of Offering of Common Stock by Selling Shareholder
November 16 2017 - 4:12PM
Business Wire
Acushnet Holdings Corp. (NYSE:GOLF) (“Acushnet”) today announced
the closing of an offering of 9,165,542 shares of its common stock,
including 833,231 shares of common stock pursuant to the full
exercise of the underwriters’ option to purchase additional
shares.
All 9,165,542 shares of common stock sold in the offering were
sold by investment funds affiliated with Mirae Asset Global
Investments Co. Ltd. (the “Selling Shareholder”) at a public
offering price of $17.00 per share. Acushnet did not sell any
shares of common stock in this offering and did not receive any
proceeds from the sale of the shares of common stock by the Selling
Shareholder. Following the closing of the offering, the Selling
Shareholder no longer owns any shares of Acushnet’s common
stock.
Morgan Stanley and Nomura acted 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. The
prospectus in that registration statement and other documents
Acushnet has filed with the SEC contain 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 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. 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/20171116006423/en/
Media contact:AcushnetPR@icrinc.comInvestor
Contact:IR@AcushnetGolf.com
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