FAIRHAVEN, Mass.--(BUSINESS WIRE)--Acushnet Holdings Corp. (NYSE:GOLF) 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.
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.