Like it supposed to be, spread the fortune and spread the risk.
He might have more than his share of hard investment, the intangible value will be involved. How heavy will the intangibles be weighted, is to be seen. So on the surface he might be in for 30% of the cash, having 40% of the controlling shares.
Not surprised, Ping is not for sale as a family business at this point, Titleist is not attractive for what it is and the asking price, Taylormade is the only consideration with a large price tag. I would also predict the off shore money will play a major part in this ( or could have been the original instigator for the whole proposal ).
It'll either sold at a year end bargain price or priced according to the buyer's ability.