Topgolf Callaway jumps on report of talks to sell unit to Leonard Green

Callaway Golf

14/11/2025 16:39

** Shares of Topgolf Callaway Brands MODG.N rise nearly 7.6% to about $11.4 in morning trading

** The golf-equipment maker is in talks to sell its unit, Topgolf, to private-equity firm Leonard Green, the Wall Street Journal reports

** Deal would value the Topgolf unit at about $1 billion - WSJ

** Five of 15 brokerages rate the stock "buy" or higher, nine "hold" and one "sell"; their median PT is $11, data compiled by LSEG

** Including session's moves, shares up 44.8% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))