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GOLF NEWS & NOTES: DON'T SHED A TEARDROP FOR ME
Published December 12, 1997
NJ-based TearDrop Golf Co. has signed a letter of intent to acquire the assets of IL-based Ram Golf. The proposed acquisition will be subject to a number of conditions including the negotiation of a definitive asset purchase agreement and the successful completion of a due diligence investigation by TearDrop. The purchase will include cash and common stock of TearDrop (TearDrop). ON THE EDGE: FL-based Visual Edge Systems Inc. has reached an agreement in principal with Infinity Investors Ltd. to extend its debt financing of the repayment of a bridge loan of $7.5M. Visual Edge Systems produces "One-on- One with Greg Norman" personalized videos (Visual Edge).