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Callaway Golf Co (ELY.N)

ELY.N on New York Stock Exchange

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Wed, May 10 2017

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Adidas sells golf unit Taylormade to buyout group KPS

FRANKFURT German sportswear maker Adidas is selling its golf equipment and clothing brands TaylorMade, Adams Golf and Ashworth to private equity firm KPS Capital Partners, taking a hit to its earnings.

UPDATE 1-Adidas sells golf unit Taylormade to buyout group KPS

FRANKFURT, May 10 German sportswear maker Adidas is selling its golf equipment and clothing brands TaylorMade, Adams Golf and Ashworth to private equity firm KPS Capital Partners, taking a hit to its earnings.

BRIEF-Callaway Golf Q1 earnings per share $0.27

* Callaway golf company announces first quarter 2017 financial results, with double-digit sales growth, and a significant increase in full year sales and earnings guidance

BRIEF-Callaway Golf Company to report Q1 2017 financial results

* Callaway Golf Company to broadcast first quarter 2017 financial results Source text for Eikon: Further company coverage:

BRIEF-Callaway Golf names Brian Lynch interim CFO

* Callaway Golf Company announces appointment of interim chief financial officer

BRIEF-Callaway Golf says Q4 sales up 7 pct

* Acquisition of Ogio International expected to contribute about $45 million in revenue for FY 2017

BRIEF-Callaway Golf Company acquires Ogio International

* Callaway Golf Company acquires Ogio International, Inc., a leading lifestyle brand, for $75.5 million

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