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Topgolf Callaway Brands Jumps 5% After Report Says Talks Are On To Sell Topgolf Unit
(MENAFN- AsiaNet News)
Topgolf Callaway Brands (MODG) stock rose nearly 5% after the company reportedly entered into discussions with private-equity firm Leonard Green to sell its Topgolf unit.
According to a report by The Wall Street Journal, citing people familiar with the matter, the deal would value Topgolf at about $1 billion. The report added that Leonard Green had previously acquired a minor stake in Topgolf.
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