Callaway Golf Closes Jack Wolfskin Acquisition
ELY paid €418 million ($476 mm) for the German outdoor brand, financed with a seven-year, $480 million term loan that pays interest at LIBOR plus 4.50%. The acquisition is its first major diversification outside the golf industry, after its previous purchases of bag-maker Ogio and, more recently, apparel brand TravisMathew, both of which were tuck-ins with ... Log in to view full article.
