Posted 3/20/2024, 8:17:53 PM
Callaway Shares Spike and Retreat on Conflicting Reports of Potential Topgolf Sale
- Topgolf Callaway shares jumped 15% on report of potential $3B acquisition, then pared gains after company denied talks
- Callaway said it was unaware of any talks to sell its golf equipment business
- Report said South Korean investor was among those interested in deal after separation of Topgolf business
- Golf industry struggling to maintain pandemic boom; Callaway acquired Topgolf in $2B deal in 2021
- Seoul-based firm Centroid raising $500M fund for new US acquisition after buying TaylorMade
