On March 8, golf equipment giant Callaway (NYSE: ELY) finalized its merger with sports entertainment and technology company Topgolf. Prior to closing the deal, Callaway already owned 14% of Topgolf, and it acquired the remainder in an all-stock transaction.
While investors still only have limited insight into the merged entity's financials, the combination of these businesses makes Callaway a much more compelling investment.
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Source Fool.com