As reported a few months ago. Fortune Brands Inc is selling off their golf unit which includes Titleist golf balls, FootJoy shoes and gloves.
Last year, in 2010, their golf unit had $100 million in cash flow which translates to a valuation of $800 to $1 billion.
Potential suitors fall into four categories;
High net-worth individuals who like playing golf - The Duke of York
Strategic players - Sweatshop brands
Private equity firms - Loan sharks
Asian or Middle Eastern sovereign investors - Friends of The Duke of York
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