Topgolf Callaway Stock Rises on Plans To Split Just 3 Years After Merger
MODGTopgolf Callaway Brands (MODG) Investopedia·2024-09-05 21:33

Key TakeawaysShares of Topgolf Callaway rose in premarket trading Thursday, a day after the company announced its intention to separate into two companies just over three years after their merger was completed.The companies merged in March 2021, calling it a "highly complementary fit" at the time.Callaway now believes the investments it has made set Topgolf up for long-term growth, and sees the best way forward for Topgolf as a separate public company. Shares of Topgolf Callaway Brands (MODG) rose about 5% ...