The golf unit, maker of Titleist gear, will be sold or separated.
The Metromedia International Group will sell its Snapper unit, maker of Snapper lawn mowers, to Simplicity Manufacturing for $73.3 million in a bid to stave off bankruptcy.
Another stock he likes is Carolina Group, whose stock tracks Loews Corp.'s Lorillard tobacco unit, maker of Newport mentholated cigarettes.
Ford also said yesterday that it had sold its Cosworth Racing unit, the maker of race engines, to two United States entrepreneurs.
Acterna plans to sell its Itronix unit, a maker of portable wireless computers, to Golden Gate Capital, San Francisco, a private equity investment firm, for $40 million.
TYCO INTERNATIONAL LTD., Bermuda, said its ADT unit, the maker of security systems, won a contract to install antitheft devices for Office Depot, Delray Beach, Fla., at 870 stores.
The Swedish company that owns Saab agreed on Thursday to sell its Spyker Cars unit, a maker of ultra-high-end sports cars, to the American private equity firm North Street Capital for €32 million, or $43.5 million.
Georgia-Pacific's CP&P unit, the maker of Brawny paper towels and Dixie cups, withdrew its filing for a $1 billion stock offering and a bond swap that were part of a plan to split Georgia-Pacific in two.
The Sara Lee Corporation has decided to retain and restructure its Champion Products business in the United States after earlier putting the unit, a maker of athletic apparel, up for sale.
ROYAL PHILIPS ELECTRONICS N.V., Amsterdam, said it would sell its TechnoFusion unit, a maker of power generation systems for automotive electronics, to International Rectifier Corp., El Segundo, Calif., a power management technology company, for $50 million.
WHX CORP., New York, a holding company, said its Handy & Harman unit, a maker of precious metals products, would leave some precious metals businesses, affecting plants in Fairfield, Conn., and East Providence, R.I., though it did not say how the plants would be affected.
