PEP TG Investments To Sell 3M Shares In Callaway Golf

by Shivani Kumaresan, Benzinga Staff Writer

September 15, 2021 12:54 PM | 1 min read | Make a Comment

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.

Posted In: News Offerings Movers Trading Ideas Briefs

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.