American Brands completes acquisition of Cobra Golf Incorporated.OLD GREENWICH Old Greenwich is a neighborhood or section in the southeast corner of Greenwich in Fairfield County, Connecticut, United States. The Old Greenwich Railroad Station serves commuters in the neighborhood. , Conn.--(BUSINESS WIRE)--January 29, 1996--American Brands, Inc. (NYSE-AMB) today announced the consummation CONSUMMATION. The completion of a thing; as the consummation of marriage; (q.v.) the consummation of a contract, and the like. 2. A contract is said to be consummated, when everything to be done in relation to it, has been accomplished. of a merger between its subsidiary, HCAC HCAC Heartland Collegiate Athletic Conference , Inc., and Cobra Golf Incorporated. Pursuant to the merger, HCAC, Inc. has been merged with and into Cobra Golf Incorporated. Upon consummation of the merger, all outstanding shares of common stock representing ownership of Cobra Golf Incorporated were canceled and those shares not purchased by HCAC, Inc. pursuant to its recently completed tender offer were converted into the right to receive $36.00 in cash, without interest, the price paid pursuant to the tender offer. The business will continue to be operated under the name Cobra Golf Incorporated. American Brands is an international consumer products holding company. In golf, leading brands include Titleist, Pinnacle pinnacle (pĭn`ĭkəl), minor architectural motif of vertical tapering shape, usually crowning a pier, buttress, or gable. Although sometimes it appears in Renaissance design, as in the Certosa di Pavia, it is almost exclusively a medieval and Foot-Joy as well as Cobra. CONTACT: Media Relations: Investor Relations Investor relations The process by which the corporation communicates with its investors. : Roger W. W. Baker Daniel A.Conforti 203/698-5148 203/698-5132 |
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