GOLF - Callaway +3% on report it wants to buy the rest of Topgolf

Callaway Golf ([[ELY]] +3.2%) appears to be going for the green as The Wall Street Journal reports that the company is working on a deal to acquire the rest of Topgolf Entertainment Group outside of the 14% stake it already holds.The deal for Topgolf is reportedly at a level that would value the business at more than $2B.An agreement could be finalized as earlier as this week.Topgolf operates about 60 entertainment centers in the U.S. and elsewhere.Acushnet Holdings ([[GOLF]] +2.0%) is also higher on the day with the golf industry talk bringing in some buyers.Compare ELY and GOLF side by side.

For further details see:

Callaway +3% on report it wants to buy the rest of Topgolf