CARLSBAD, Calif., March 20,
2024 /PRNewswire/ -- Topgolf Callaway Brands Corp.
(NYSE: MODG) ("Topgolf Callaway Brands" or the "Company") today
issued the following statement:
While it is our long-standing practice not to respond to market
rumors and speculation, in light of today's unusual market
activity, coupled with a recent media report originating in Korea
regarding discussions of a potential sale of the Company or its
golf equipment business, we confirm that we are not aware of any
such discussions. We do not intend to comment further on this
topic, and we assume no obligation to make any further announcement
or disclosure should circumstances change.
About Topgolf Callaway Brands Corp.
Topgolf Callaway Brands Corp. (NYSE: MODG) is an unrivaled
tech-enabled Modern Golf and active lifestyle company delivering
leading golf equipment, apparel, and entertainment, with a
portfolio of global brands including Topgolf, Callaway Golf,
TravisMathew, Toptracer, Odyssey, OGIO, Jack Wolfskin, and World
Golf Tour ("WGT"). "Modern Golf" is the dynamic and inclusive
ecosystem that includes both on-course and off-course golf. For
more information, please visit
https://www.topgolfcallawaybrands.com.
Contact:
Katina
Metzidakis
invrelations@tcbrands.com
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SOURCE Topgolf Callaway Brands Corp.