Topgolf Callaway Slices, Announces Spinoff

Callaway and Topgolf are separating into the two areas they originally specialized in Topgolf Callaway Brands Corp (NYSE:MODG) is down 1% to trade at $10.65, but earlier was higher, after the entertainment and retail company announced it will split into two separate businesses. Callaway will focus on golf equipment and consumers' active lifestyle while Topgolf will take on the golf entertainment unit. If this sounds familiar at all, its because the two entities focused on these exact separate areas of busin ...