Dick's Sporting Goods, Inc. and Golf Galaxy, Inc. have entered into a definitive agreement and plan of merger whereby Dick's will acquire Golf Galaxy. Under the terms of the agreement, each outstanding share of Golf Galaxy common stock will be converted into the right to receive $18.82 per share in cash, without interest. The Merger Agreement also provides for the assumption of outstanding employee stock options and warrants of Golf Galaxy, except that, the holders of vested in-the-money options and warrants will be permitted to elect to cash out such options and warrants. The Merger Agreement contains a provision related to limited solicitation of third-party proposals and a customary fiduciary out for unsolicited proposals.
It's a grey, cold November day here in the northeastern U.S. and it's days like this that drive me to the travel section of golf magazines to dream of a winter golf trip. Trouble is, to get to those places I have to fly. I hate flying.
I once flew a lot on business so I've seen first hand how struggling airlines and new security measures have turned a fun adventure into a gigantic hassle. Flying with clubs doesn't make it any easier.
For me, it's not just wrestling the bag around that's the problem. It's the worry factor. Are the gorillas on the tarmac going to snap my $400 driver? Are my clubs headed to Oshkosh while I'm headed to Scottsdale? Here are some thoughts, products, and services that may allay your worries…
The 2006 PGA Tour season is in the books, and it's time to start looking forward to 2007. The Bunker's Dozen takes no vacations, however, so the show must go on. The golf world didn't see Tiger or Phil in October, but there were still a lot of things going on around the world. Golfers made their final charge towards the top 30 and top 125 on the PGA Tour money list. Some were successful, and some came up short.
The European Tour also wrapped up their season in October, and the Order of Merit wasn't decided until the last few holes of the final event. The LPGA Tour hasn't concluded for the season quite yet, but a certain golfer won again and moved one step closer to becoming player of the year.
Pinemeadow Golf has been around since 1985, but I didn't know much about them until this year. After checking out their website, it's easy to see they are looking out for the "average" golfer. Most of the die-hard golfing fanatics want the most expensive and popular golf clubs, whether it's TaylorMade, Titleist, Callaway, etc.
Pinemeadow Golf takes a different and much more affordable approach, and it's very respectable. I started my golfing career with a Dunlop driver from Wal-Mart, a Dunlop putter from Wal-Mart, and some King Snake (knock-off of King Cobra) irons. All in all, my first set of clubs cost about $200 total. I played with these clubs for almost ten years, so I always have a soft spot for inexpensive golf equipment.
The PGA Tour season is over, but we've still got a lot to talk about. Paul Azinger is named the 2008 Ryder Cup captain and introduces a new qualification system. Fallout aplenty about Tiger's decision to skip the Tour Championship. Michelle Wie is smacked down by the Euro Tour Director, and, oh yeah, Adam Scott gets a victory. All that and more in this episode of Golf Talk.
For this week's Show Notes - links to articles we discuss in the show and additional information - just read on.
How nice would it be to win The Players Championship and Tour Championship before turning 27? Adam Scott knows how that feels now, yet he is still considered an underachiever by golf fans worldwide, including myself. The young Australian burst onto the scene a few years back and was quickly labeled the next Tiger Woods. That was unfair to Scott, but it's just part of the game.
Adam Scott's golf swing is very similar in mechanics to Tiger's old swing, but that's about all the two have in common. Scott is laid back and never seems to change emotion, while Tiger lets the world know what he is thinking throughout his rounds. In the grand scheme of things, Tiger had eight major championship victories before turning 27 compared to Scott's zero.
As I wrote last week's Bag Drop on the new Nike and Callaway square drivers, it occurred to me that despite all the proven and promised performance improvements over the past few years, golf clubs have lost something, at least for me.
The clubs in my bag do work better than any I ever used before. But I don't love them. Somewhere along the way they've become simply tools to use until something better comes along. Which, thanks to constant innovation by clubmakers, happens more and more often.
Outside of perhaps my wedges and putter, none were selected for their looks. All are free agents subject to waiver at any time. Despite shooting a career round with them this year, there's no emotional attachment. And that's kind of sad.
The 2006 season had plenty of drama. At the end of it all there some who were hot and some who were not. Phil Mickelson finished fourth on the money list, won a Masters, choked away a U.S. Open, and is looking forward to returning to the winner's circle after coming away from his extended vacation.
Tiger was Tiger and there were a few names who emerged from this season with some shine. Let's take a look at who was hot and who was not in 2006.