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MacGregor Makes Bid On Callaway Golf

First it was Adidas buying Reebok… and now a group led by MacGregor Golf has reportedly made an offer to buy Callaway. The LA Times reports that a group including MacGregor Golf and Bain Capital has offered $1.24 billion… which is slightly more than the June offer made by Thomas H. Lee Partners and William Foley. Now I’m not a financial analyst (nor do I pretend to be) but it looks to me that Callaway Golf is ripe for the picking…but don’t be surprised if Nike has a say in the matter.

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