August 3, 2017 / 8:43 PM / 2 years ago

BRIEF-Callaway Golf Co to buy TravisMathew for $125.5 mln

Aug 3 (Reuters) - Callaway Golf Co

* Callaway Golf Company to acquire travismathew for $125.5 million

* Callaway Golf Co - ‍intends to finance transaction with cash on hand and borrowings from its asset-backed credit facilities​

* Callaway Golf Co - ‍also expects to realize significant value from potential tax benefits associated with transaction​

* Says ‍in 2017, travismathew’s net sales are expected to be in range of $55-60 million​

* Says ‍also expects to realize significant value from potential tax benefits associated with transaction​

* Callaway Golf Co - ‍deal expected to be slightly accretive in 2018​

* Callaway Golf Co - ‍including some expenses, travismathew is expected to be approximately $0.04 dilutive to Callaway’s 2017 earnings per share​

* Says ‍in 2017, TravisMathew’s net sales are expected to be in range of $55-60 million​ Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below