Goldman Sachs – Callaway Golf Hit With Investor Suit To Pause $2B Merger
Law360 (January 29, 2021, 9:41 PM EST) — Callaway Golf Co. left out crucial financial information in filings with the U.S. Securities and Exchange Commission in preparation of its merger with Topgolf in a deal that values the entertainment company at $2 billion, according to an investor suit filed Friday in California federal court.
Jerome Anderson alleges Callaway Golf Co. and its board of directors in November filed a Form S-4 registration statement with the SEC that left out information about the company’s financial projections and the financial analyses supporting the fairness opinion prepared by the company’s financial advisor Goldman Sachs & Co. LLC.
Anderson said he is filing…
Stay ahead of the curve
In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.
Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
Create custom alerts for specific article and case topics and so much more!
