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THE CHAPTER 29 BIRDIE uisitions Divestitures After Inc GOLF HYBRID and 921 for several Golf Hybrid rounds of in GOLF been facturing Golf Both negotiations the offer under discussion a cash offer

THE CHAPTER 29 BIRDIE uisitions, Divestitures After Inc., GOLF HYBRID and 921 for several Golf, Hybrid rounds of in GOLF been facturing Golf. Both negotiations, the offer under discussion a cash offer past six months of $352 million the for panies Company believe a with tiations. and net will have markets golf club indi and the com- ustry, Bryce marketing, result significant Bryce as well as due es assuming has offi cant savings in general and manu- the merger takes the cer for Birdi administrative expenses. merger: following ie, has been statements merger The pro forma financial for Hybrid Golf financial statements include synergistic benefits from Mini Case 2015 2016 Production $512,000,000 2017 costs $576,000,000 $640.000.000 $720.000.000 $800,000.000 Depreciation 359,200,000 403.200,000 448,000,000 505,600,000 564 000.000 her expenses 48,000,000 5l 200,000 52,800,000 53,120,000 53,600,000 EBIT 51,200,000 57.600.000 64.000.000 53,600,000 64,000,000 75,200,000 88.960.000 $104,800,000 12,160,000 4,080,000 5.360,000 16000.000 17.280,000 Interest Taxable income 41,440,000 49.920,000 59,840,000 72,960,000 87,520,000 Taxes (40%) 16,576.000 19,968,000 23,936,000 29,184,000 35,008,000 Net income 24,864,000 29,952,000 35,904.000 43,776.000 52.512 000 Bryce is also aware that the Hybrid Golf division will require investments year for con- each tinuing operations, along with sources of financing. The following table outlines the required investments and sources of financing:

 

Apr 23 2020 View more View Less

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