Companies bid on Cleveland Golf
Posted: Tuesday November 13, 2007 07:24AM ET
According to sources and this GolfWeek business report, Cleveland Golf has been bought by Japan's SRI Sports Limited, Srixon Golf. Now many industry and Wall Street analysts are surprise by both the terms of the acquirer and the price of $132 million dollars. The betting line was TaylorMade-Adidas, or either a management led buyout by Cleveland President Greg Hopkins would be the buyers. Also rumored was Puma, which seemed a stretch given no prior golf equipment involvement and rumors that it had passed earlier this year on Spanish company Makser.
Boo Weekley, Warren Little/Getty Images
Comments (3)
The camo Under Armor is a nice touch.
Bringing it to the Wonder Bread and Nascar crowd.
A Man for America today | 11/13/07, 11:22 AM
Report Offensive CommentThe camo goes with the wad of chew in his lip.
Trainwreck | 11/13/07, 11:32 AM
Report Offensive Commentyeah, someone real has no place in professional golf. Boo is bitchin
oldskool | 11/13/07, 03:34 PM
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