Notable Mergers and Acquisitions of the Day 05/20: (FO) (ATU) (BKS)

• Fortune Brands, Inc. (NYSE: FO) t has entered an agreement to sell its Acushnet Company golf business, featuring the iconic Titleist and FootJoy brands, to a group led by Fila Korea Ltd., the owner of the Fila brand globally, and Mirae Asset Private Equity, the largest private equity firm in Korea. The purchase price is $1.225 billion in cash. Fortune Brands estimates it will realize net proceeds of approximately $1.1 billion after taxes and expenses.
  
  Fortune Brands was advised on the Acushnet transaction by Morgan Stanley and Centerview Partners as financial advisors and Chadbourne & Parke as legal advisor. Fila Korea and Mirae were advised by Nomura, Korea Development Bank and the M&A and Korean practice groups of counsel McDermott, Will & Emery.
  
  
• ctuant Corporation (NYSE: ATU) to acquire Weasler Engineering, Inc., for $155 million, which will be funded from the Company’s cash and revolving credit facility.
  
  KeyBanc Capital Markets acted as advisor to Actuant for this transaction while McDermott, Will & Emery LLP served as legal counsel.
  
  Weasler generated approximately $85 million in revenue in the past twelve months.
  
  
• Barnes & Noble, Inc. (NYSE: BKS) announced late Thursday tht it has received a proposal from John Malone's Liberty Media (Nasdaq: LINTA) to acquire the Company at a price of $17 per share in cash.
  
  The proposal is contingent on the participation of founding chairman Leonard Riggio, both in terms of his continuing equity ownership and his continuing role in management.
  
  The Board's Special Committee will evaluate this proposal.

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