Callaway Golf Company announced yesterday that they are planning to buy back $100 million more of their own shares.
The buyback replaces a previous $100 million stock repurchase program announced in June. To date, the company has bought about 5.3 million shares under that program at an average cost of $16.87 per share for $88.9 million. . . As of Oct. 31, Callaway had about 66.3 million shares outstanding, according to a regulatory filing.
[Link: Money.com]
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