{"id":3470,"date":"2008-10-13T14:30:53","date_gmt":"2008-10-13T21:30:53","guid":{"rendered":"http:\/\/www.carlsbadistan.com\/?p=3470"},"modified":"2008-10-13T14:31:35","modified_gmt":"2008-10-13T21:31:35","slug":"one-less-golf-company-in-carlsbadistan","status":"publish","type":"post","link":"https:\/\/www.carlsbadistan.com\/?p=3470","title":{"rendered":"One Less Golf Company In Carlsbadistan"},"content":{"rendered":"<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.carlsbadistan.com\/wp-content\/uploads\/2008\/10\/ashworth1.jpg\" width=\"200\" height=\"149\" alt=\"ashworth.jpg\" style=\"float:right;\" \/>Today <strong><a href=\"http:\/\/www.taylormadegolf.com\/\" target=\"_blank\">Taylor-Made Adidas Golf<\/a><\/strong> announced that they will acquire the struggling Carlsbad-based golf apparel maker <strong><a href=\"http:\/\/www.ashworthinc.com\/\" target=\"_blank\">Ashworth<\/a><\/strong> for $72.8 million.<\/p>\n<blockquote>\n<p>The two parties announced Oct. 13 reaching a definitive agreement that calls for TMAG to acquire all of the outstanding shares of Ashworth for $1.90 per share in cash, a 9.8 percent premium from its Oct. 10 close of $1.73. . . . <span style=\"font-family: Verdana; -webkit-border-horizontal-spacing: 2px; -webkit-border-vertical-spacing: 2px;\">\u201cThis acquisition underscores our commitment to continued growth in the golf category,\u201d said <strong>Herbert Haier<\/strong>, chairman and CEO of <strong>Adidas AG<\/strong>, TMAG\u2019s parent company.<\/span><\/p>\n<\/blockquote>\n<p>The purchase price includes $46.3 million in Ashworth debt. The company lost $9.6 million in the third quarter. Sounds like a winner, huh?<\/p>\n<p><strong>[Link: <a href=\"http:\/\/www.golfweek.com\/business\/gear-apparel\/story\/ashworth-taylormade-101208\" target=\"_blank\">Golfweek<\/a>]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The two parties announced Oct. 13 reaching a definitive agreement that calls for TMAG to acquire all of the outstanding shares of Ashworth for $1.90 per share in cash, a 9.8 percent premium from its Oct. 10 close of $1.73. . . . \u201cThis acquisition underscores our commitment to continued growth in the golf category,\u201d said Herbert Haier, chairman and CEO of Adidas AG, TMAG\u2019s parent company.<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[8,29],"tags":[],"_links":{"self":[{"href":"https:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/posts\/3470"}],"collection":[{"href":"https:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3470"}],"version-history":[{"count":0,"href":"https:\/\/www.carlsbadistan.com\/index.php?rest_route=\/wp\/v2\/posts\/3470\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3470"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3470"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.carlsbadistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3470"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}