U.S. Regulatory Hurdles for a PGA/PIF Merger
JD Supra: Mergers
JUNE 17, 2024
The PGA Tour announced that it had, along with the DP World Tour, entered into a Framework Agreement with the Public Investment Fund of the Kingdom of Saudi Arabia (PIF) to create “a global golf partnership.” While the Framework Agreement broadly sets forth the governance and control rights of the parties, it does not address U.S. regulatory issues that could arise in the event the parties reach a definitive agreement.
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