Topgolf Callaway Brands Stock Swings Higher On Intent To Split Into Two Separate Companies - Topgolf Callaway Brands (NYSE:MODG)

The board of Topgolf Callaway Brands is splitting the company into two businesses, unwinding a tie-up between the golf-club maker and driving-range operator.

The board of Topgolf Callaway Brands is splitting the company into two businesses, unwinding a tie-up between the golf-club maker and driving-range operator.

Topgolf Callaway wants to split up after a little more than three years. Here’s what could complicate the breakup.

After some three-and-a-half years together, Topgolf — a driving-range and entertainment chain — and Callaway, a maker of golf clubs and golf balls, could soon find themselves on their own.

Topgolf Callaway Brands Stock Swings Higher On Intent To Split Into Two Separate Companies - Topgolf Callaway Brands (NYSE:MODG)

Topgolf Callaway Brands Corp (NYSE:MODG) shares are rising in extended trading Wednesday after the company announced plans to split into two separate companies. What To Know: Topgolf Callaway Brands’ board announced it will pursue the separation of its Callaway and Topgolf businesses. The company plans to effect the separation through a spin-off of the Topgolf business to shareholders. “Over the last decade plus, we have transformed Callaway int…

Topgolf Callaway Brands to split into two independent companies

Topgolf Callaway Brands Corp. announced Wednesday that its board of directors intends to pursue the separation of its two primary businesses, Topgolf and Callaway, making them two independent companies. In March 2021, Callaway Golf Co. acquired the remainder of Topgolf Entertainment Group that it didn’t already own, valuing the driving range chain at approximately $2 billion. The joint company was renamed Topgolf Callaway Brands Corp., but start…

Topgolf Callaway to Split Into Two Publicly Traded Companies

Topgolf Callaway announced on Wednesday its intent to split into two separate publicly traded companies, with Topgolf set to be spun off as an independent company. The company’s board of directors is considering other separation options for Topgolf but said that a spin-off, which will be completed by the end of 2025, is the best […]

Topgolf Callaway Brands Corp reveals shock split update following

Callaway and Topgolf announce plans to split into two independent companies.