Acushnet Sale: And Then There Were 15-25

According to this Reuters report, initial bids for Acushnet were due Friday and a few big names were expected to at least get in on the first round action, starting with Adidas and Nike.

Other bidders may include Roger Cleveland Golf Co, owned by SRI Sports (7825.T), as well as some private equity firms, one source said. More than two dozen potential bidders have looked at the business, but it was unclear how many would make first-round offers, the source said.

My sources have insisted from the start that 15-25 initial bids would come in. But how many of them are serious and how many are just information hungry or trying to put their lawyers' kids through college, remains to be seen.