- Callaway Golf Co ELY has announced the proposed public offering of 3 million shares of its common stock by PEP TG Investments LP.
- The selling stockholder expects to grant the underwriters a 30-day option to buy up to 0.45 million additional shares.
- Callaway will not receive any of the proceeds from the sale of shares.
- Goldman Sachs & Co. LLC, BofA Securities, and J.P. Morgan are acting as joint book-running managers.
- Price Action: ELY shares are trading higher by 5.92% at $28.70 on the last check Wednesday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Posted In:
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
