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ADGF Adams Golf, Inc. (MM)

10.78
0.00 (0.00%)
17 Jun 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Adams Golf, Inc. (MM) NASDAQ:ADGF NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 10.78 0 01:00:00

Adidas Subsidiary To Acquire US-Based Adams Golf

19/03/2012 10:00am

Dow Jones News


Adams Golf, Inc. (MM) (NASDAQ:ADGF)
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TaylorMade-adidas Golf, a subsidiary of the German sportswear and equipment maker adidas AG (ADS.XE), said Monday it has entered into an agreement to acquire all outstanding shares of golf clubs manufacturer Adams Golf (ADGF) for $10.80 per share in cash.

MAIN FACTS:

-The total value of the transaction amounts to $70 million or EUR53 million, representing a premium of around 71% to the share price prior to Jan. 4, 2012, when Adams Golf's said it was considering alternative strategies.

-The adidas group plans to finance the takeover with cash on hand or via existing credit lines.

-The transaction is subject to customary closing conditions, regulatory approvals as well as approval by Adams Golf shareholders.

 
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500 
 

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