Acushnet enters $37.5M share repurchase agreement with major shareholder Magnus Holdings

Acushnet Holdings Corp.

Company will repurchase up to $37.5M of common stock from Magnus on share-for-share basis with open market purchases.
Purchase price equals weighted average price of open market purchases during pricing periods; final determination by Jan 14, 2022.
Agreement is under existing $200M share repurchase program authorized Oct 20, 2021.
Magnus currently owns 37,803,827 shares; repurchase is part of share reduction.
Special Committee of independent directors approved the transaction.

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