Not sure if this means much to the rest of us, but TaylorMade / Addidas is set to acquire Ashworth for just under $73 million dollars, $1.90 per share. The purchase will be finalized before 2009 according to the press release. Personally, I’ve always liked Ashworth gear, but their shirts & pants have been overpriced for a long time. I mean $65 for a solid color golf shirt with an Ashworth Logo seems excessive to me. Maybe with this changing of hands, they will keep the quiality level but lower prices for us consumers…Yeah, like that will happen.
October 14th, 2008 | Article by Christian