The Taylormade-Adidas empire continues to grow in the global business world of golf. As this week, they and Adams Golf announced the two parties have entered into agreements for Taylormade-Adidas to acquire outstanding shares of Adams Golf.
The price for the shares are currently $10.80, with a total purchase price of around $70-million.
"We are very excited to team up with Adams Golf, whose management team we have respected for many years." Said Taylormade-Adidas CEO, Mark King.
"Our mission is to be the best golf company in the world across all geographies, products and customer demographics, and adding Adams Golf is another important step in achieving that goal."
Adidas Group CEO Herbert Hainer went on to say, "This acquisition reflects our commitment to continued growth in the golf category."
"The proposed combination of Adams Golf and TaylorMade-Adidas Golf brings together two highly complementary sets of brands, combining Adams' focus on game-improvement as well as senior and women golfers with TaylorMade-Adidas Golf's focus on the younger and the low-to-mid handicap golfer."
Adams Golf CEO Barney Adams expressed how this provides strong opportunities for not only their suppliers and partners, but their employees as well.
Bringing together these globally known brands in the golfing world, they will be able to increase their reaches and better serve their customers.
The acquisition is scheduled to close near the middle of 2012.
Davis Love III makes a hole-in-one at Honda Classic
Davis Love III has started out at the Honda Classic like he wants to be a player captain on the US Ryder Cup team.
Love aced the par-3 fifth at PGA National with a 5-iron from 195 yards earlier in his first round.
At the time, that shot help Love get to within one stroke of Rory Sabbitini's lead.
Love is now in a tie for the lead with Rory McIlroy at the Honda Classic, at 4-under par.
Love aced the par-3 fifth at PGA National with a 5-iron from 195 yards earlier in his first round.
At the time, that shot help Love get to within one stroke of Rory Sabbitini's lead.
Love is now in a tie for the lead with Rory McIlroy at the Honda Classic, at 4-under par.
Poulter WD's from Honda with illnes
Ian Poulter has withdrawn from the Honda Classic with an illness.
Poulter actually tweeted this very thing Thursday morning before the official word came out.
“Sorry guys never been so disappointed in pulling out of a tournament.” Poulter said via his twitter account.
“Never felt so ruff, Hope 1st reserve plays well in a great group today.”
Poulter's withdrawal makes room for the first alternate, Miguel Angel Carballo. Who is now thrown into the marquee pairing of Lee Westwood and Tiger Woods.
Carballo, a native of Argentina is a rookie on the PGA Tour this season. His best finish so far in 2012 is a tie for 29th.
Poulter actually tweeted this very thing Thursday morning before the official word came out.
“Sorry guys never been so disappointed in pulling out of a tournament.” Poulter said via his twitter account.
“Never felt so ruff, Hope 1st reserve plays well in a great group today.”
Poulter's withdrawal makes room for the first alternate, Miguel Angel Carballo. Who is now thrown into the marquee pairing of Lee Westwood and Tiger Woods.
Carballo, a native of Argentina is a rookie on the PGA Tour this season. His best finish so far in 2012 is a tie for 29th.
Sabbatini hires new swing coach
After missing the cut in three of his last starts, Rory Sabbatini decided after carding an 80 at Riviera a few weeks back. It was time for a change.
Enter his new swing coach, Rick Smith.
“I just decided it’s time; I can’t just continue to try to and get around the golf course and try and escape,” Sabbatini said on Tuesday. “We have to try and improve the whole situation.”
Sabbatini is the defending champion at this week's Honda Classic at PGA National in Palm Beach Gardens, Fla. as the PGA Tour kicks off it's Florida swing.
This relationship goes back a bit further as well.
The two spoke after the Northern Trust Open in 2011. Subsequently, Sabbitini missed his next cut at the Mayakoba Classic.
“We spent some time focusing on just getting the swing on the right angles, right planes and just shortening it up,” Sabbatini continued. “It’s been an adjustment, but I think I’m finally starting to grab the concept and really feel like I’m more natural with it."
Enter his new swing coach, Rick Smith.
“I just decided it’s time; I can’t just continue to try to and get around the golf course and try and escape,” Sabbatini said on Tuesday. “We have to try and improve the whole situation.”
Sabbatini is the defending champion at this week's Honda Classic at PGA National in Palm Beach Gardens, Fla. as the PGA Tour kicks off it's Florida swing.
This relationship goes back a bit further as well.
The two spoke after the Northern Trust Open in 2011. Subsequently, Sabbitini missed his next cut at the Mayakoba Classic.
“We spent some time focusing on just getting the swing on the right angles, right planes and just shortening it up,” Sabbatini continued. “It’s been an adjustment, but I think I’m finally starting to grab the concept and really feel like I’m more natural with it."
Tiger Woods weighs in on long putters
In his press conference at Pebble Beach this week. Tiger Woods weighed in on one of the most talked about topics over the past two years on the PGA Tour -- The long putter.
Many believe it gives a player an unfair advantage while it is being anchored to their bodies.
For golf 'purists', this reigns true event more, as it does with Woods.
"I've never been a fan if it." said Woods on the long putters. "I believe it's the art of controlling the body and club and swinging the pendulum motion. I believe that's how it should be played. I'm traditionalist when it comes to that."
Woods went on to give his thoughts on how they can control the length of the putters in the future.
“My idea was to have it so that the putter would be equal to or less than the shortest club in the bag. I think that would be able to get away from any type of belly anchoring."
"I think you can get away from the belly or the long putter by that type of wording, whether or not they do it or not. Peter's looked into it for a number of years, trying to get it to work, and you [would] actually measure every body's sand wedge and putter before you go out and play."
With the recent success of players such as Keegan Bradley winning the PGA Championship and Bill Haas hoisting the FedEx Cup with long putters.
The debit, I'm sure will rage on in the coming months and years until some sort of compromise is made or the club is banned all together.
Many believe it gives a player an unfair advantage while it is being anchored to their bodies.
For golf 'purists', this reigns true event more, as it does with Woods.
"I've never been a fan if it." said Woods on the long putters. "I believe it's the art of controlling the body and club and swinging the pendulum motion. I believe that's how it should be played. I'm traditionalist when it comes to that."
Woods went on to give his thoughts on how they can control the length of the putters in the future.
“My idea was to have it so that the putter would be equal to or less than the shortest club in the bag. I think that would be able to get away from any type of belly anchoring."
"I think you can get away from the belly or the long putter by that type of wording, whether or not they do it or not. Peter's looked into it for a number of years, trying to get it to work, and you [would] actually measure every body's sand wedge and putter before you go out and play."
With the recent success of players such as Keegan Bradley winning the PGA Championship and Bill Haas hoisting the FedEx Cup with long putters.
The debit, I'm sure will rage on in the coming months and years until some sort of compromise is made or the club is banned all together.
Subscribe to:
Posts (Atom)