(Bloomberg) — Callaway Golf Co. climbed as much as 8% after the Wall Street Journal reported that it was nearing a deal to buy the remainder of driving-range chain Topgolf Entertainment Group, providing the golf-club giant with a new source of growth.The deal would value closely held Topgolf at more than $2 billion and could be completed this week, the newspaper reported, citing unidentified people familiar with the matter. Callaway, the maker of Big Bertha drivers and other equipment, already owns 14% of Topgolf.Topgolf driving ranges — which feature food, drinks and kids’ games — are seen as a way …read more
Source:: Yahoo Finance
