News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Thomas H Lee hits Callaway with $1.2bn bid

Thomas H Lee Partners, the US buy-out house, and a group including insurance company Fidelity National Financial, have reportedly proposed a $1.2bn (€1bn) takeover offer for Callaway Golf, the US golf equipment maker.

Shares in Callaway, which has struggled against a downturn in the golf industry and escalating competition, rose 15% on the news yesterday.

WSJ Logo