More than 20 companies have reportedly looked at possibly bidding for Acushnet, the golf division that Fortune Brands wants to divest, but only four are said to be likely to be part of the process. The valuation for this division, which includes Titleist and FootJoy, is given at between $800 million and $1 billion for a business that generated operating income of $88.7 million and cash flow of about $100 million on revenues of $1.24 billion in 2010.

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