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Article: Callaway to Buy Top-Flite Golf Ball Maker
- Article from:
- AP Online
- Article date:
- September 5, 2003
- Author:
CopyrightThis material is published under license from the Associated Press. All inquiries regarding rights should be directed to the Associated Press. (Hide copyright information)
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Dateline: CHICOPEE, Mass.
The world's biggest golf club manufacturer will buy one of the nation'
s oldest and largest golf ball makers in a deal Callaway Golf Co.
hopes will help the company finally make money on golf balls.
A federal bankruptcy court on Thursday approved Callaway's offer to
buy Chicopee-based Top-Flite Golf Co. for $174 million, above its
initial offer of $125 million, Callaway spokesman Larry Dorman said.