A team of Haynes and Boone, LLP lawyers recently advised Adams Golf, Inc. (NASDAQ: ADGF) in its agreement to be acquired by TaylorMade-adidas Golf in a transaction valued at about $70 million
Dallas Partner Greg Samuel was assisted by Dallas associates David Colletti, Tom Tippetts and Dawud Crooms in the March 18 deal in which TaylorMade-adidas agreed to purchase all outstanding shares of Adams Golf for $10.80 cash per share for a total equity value of approximately $89 million.
The purchase price per share represents a premium of about 71 percent to the share price prior to Adams Golf’s Jan. 4 announcement that it was examining strategic alternatives.
The addition of Adams Golf enables TaylorMade-adidas Golf to broaden its product range and to extend its presence across a wider array of golfers.
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