| Ticker: JACK | 11780 U.S. Highway #1 | |
| Exchange: NASDAQ-National Market | North Palm Beach, Florida 33408 | |
| Industry: Service | (407) 626-3900 |
| Type of Shares: | Class A Common Shares | Filing Date: | 6/7/96 | |
| U.S. Shares: | 2,160,000 | Offer Date: | 7/31/96 | |
| Non-U.S. Shares: | 0 | Filing Range: | $14.00 - $16.00 | |
| Primary Shares: | 2,160,000 | Offer Price: | $16.00 | |
| Secondary Shares: | 0 | Gross Spread: | $1.12 | |
| Offering Amount: | $32,400,000 | Selling: | $0.64 | |
| Expenses: | - | Reallowance: | $0.10 | |
| Shares Out After: | - |
| Manager | Tier | Phone |
| Merrill Lynch & Co. | Lead Manager | (212) 449-4600 |
| Dean Witter Reynolds | Co-manager | (212) 392-2222 |
| William Blair & Company | Co-manager | (312) 236-1600 |
| Audited Income | Latest Unaudited Income | Prior Unaudited Income | Balance Sheet | ||
| 12/31/95 | 3/31/96 | 3/31/95 | 3/31/96 | ||
| Revenue: | $31.55 | $4.97 | $4.25 | Assets: | $7.89 |
| Net Income: | $1.37 | $0.08 | $0.15 | Liabilities: | $7.61 |
| EPS: | Equity: | $0.28 | |||
Note: Dollar amounts are in U.S. millions; Audited figures expressed as full year, unaudited figures are partial year | |||||
| Business Description |
| The company is a diversified, international brand name golf products and services company engaged in the development, marketing and management of golf-related businesses, including the licensing, ownership and operation of many different facilities. Among these facilities are: (i) golf and practice facilities, (ii) the construction and renovation of golf courses, (iii) the marketing of golf course design services and (iv) the licensing, distribution and sale of golf-related consumer products. Through its two divisions, the Golf Division and the Marketing Division, the company provides high quality products and services in over 40 countries primarily under the MICKLAUS, JACK NICKLAUS GOLF CENTER, JACK NICKLAUS ACADEMY OF GOLF and GOLDEN BEAR GOLD CENTER brand names. The company believes the highly fragmented golf range industry represents advantageous opportunities to acquire, upgrade and renovate golf centers over the next five years. The company's golf centers are designed to provide affordable golf practice and instruction facilities to a large golfer population, to attract new participants to the game and to create an environment of family entertainment. |
| Use of Proceeds |
| The proceeds from the proposed offering will be used for working capital and general corporate purposes, including the acquisition and development of golf practice and instruction facilities and to repay indebtedness to Mr. Niclaus incurred by the company in connection with the acquisition. |
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