SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Callaway Golf Company (ELY) and Encourages Investors to Contact the Firm

PHILADELPHIA, Oct. 30, 2020 /PRNewswire/ -- Kaskela Law LLC announces that it is investigating Callaway Golf Company ("Callaway" or the "Company") (NYSE: ELY) on behalf of the Company's investors.

On October 27, 2020, Callaway announced that it had entered into a definitive agreement to merge with Topgolf Entertainment Group ("Topgolf") in an all-stock transaction.  According to the announcement, Callaway plans to issue 90 million shares of its common stock to the shareholders of Topgolf, who are expected to own approximately 48.5% of the combined company, and assume $555 million of Topgolf's net debt in connection with the proposed transaction.

Following this announcement, shares of Callaway's common stock declined $3.63 per share, or 19% in value, to close on October 28, 2020 at $15.65 per share, on heavy trading volume.

The investigation seeks to determine whether Callaway's officers and directors violated the securities laws and/or breached their fiduciary duties in connection with the announced merger with Topgolf.

Callaway stockholders are encouraged to contact Kaskela Law LLC (David Seamus Kaskela, Esq.) at (888) 715 – 1740, or by email at or online at, to discuss this investigation and their legal rights and options with respect to this matter.

Kaskela Law LLC exclusively represents investors in securities fraud, corporate governance, and merger & acquisition litigation.  For additional information about Kaskela Law LLC please visit


David Seamus Kaskela, Esq.
18 Campus Boulevard, Suite 100
Newtown Square, PA 19073
(484) 258 – 1585
(888) 715 – 1740

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SOURCE Kaskela Law LLC

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