[Alpha Biz= Paul Lee] SEOUL – F&F Co. announced on July 29 that the three directors it had appointed to the board of TaylorMade Holdings have resigned.
F&F is the largest investor in the fund created by Centroid Investment Partners to acquire TaylorMade in 2021, giving the company the right to nominate directors.
The resignations are seen as a preemptive step to avoid potential conflicts of interest and controversy as F&F weighs a possible direct acquisition of TaylorMade. Market observers note that, should F&F pursue the takeover, its role as a prospective buyer could clash with the board’s fiduciary duty to protect TaylorMade’s interests — especially during negotiations to secure the lowest possible acquisition price.
F&F stated it will now focus on reviewing and advancing plans for a potential acquisition of TaylorMade.
Alphabiz Reporter Paul Lee(hoondork1977@alphabiz.co.kr)
