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Topgolf Callaway Brands to split into two companies

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Topgolf Callaway Brands News

Josh Lipton,Callaway

Golf company Topgolf Callaway Brands (MODG) announced it intends to split into two separate companies. The companies will be Callaway, which will house the...

) announced it intends to split into two separate companies. The companies will be Callaway, which will house the equipment and apparel businesses, and Topgolf, which will be the entertainment business. The company expects Topgolf will be spun off, but the board is still evaluating options.Top golf Calloway announcing it intends to split into two independent companies and the stock soaring after hours.

The CEO of top golf Calloway adding in a statement, top golf has a different operating model capital structure and investment thesis than Calloway making a separation of the best solution for both brands. Advent Technologies Receives Nasdaq Notification Regarding Compliance with Listing Requirements and Appoints Three New Directors

 

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