Callaway Golf has agreed to pay 2 billion yen (€16.4m-$18.5m)...

2019-06-04T00:00:00

Callaway Golf has agreed to pay 2 billion yen (€16.4m-$18.5m) for the 48 percent stake it does not already own in its Japanese joint venture with TSI Groove & Sports Co. The price gives a valuation of nine times projected Ebitda for 2019 for the operation, which includes a subsidiary ...

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