Callaway Sells Majority Stake in Topgolf for $1.1 Billion
Topgolf Callaway Brands is selling 60% of its Topgolf unit to Leonard Green & Partners (LGP). This deal allows the company to focus on its golf equipment and apparel brands.
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BofA Downgrades Honeywell Amid Reorganization Challenges
Bank of America cuts Honeywell to Underperform, citing slow EPS growth and challenges in its Aerospace and Automation split, with a new $205 price target.
Elliott Management Builds Major Stake in Barrick Mining
Elliott Management has taken a large stake in Barrick Mining after the gold giant struggled to benefit from soaring bullion prices, fueling speculation of a potential company split or asset sales.
Amer Sports Boosts Full-Year Outlook After Strong Q3 Results
Amer Sports raised its 2025 full-year guidance after strong Q3 revenue and earnings growth driven by Arc’teryx, Salomon, Wilson, and Atomic.
Home Depot Cuts Earnings Forecast as Cautious Consumers Hit Pause on Big Projects
Home Depot lowers 2025 earnings guidance by 5% as housing market weakness and consumer uncertainty dampen demand for major home renovations and big-ticket purchases.
Akzo Nobel and Axalta Merge to Create $17 Billion Paint Industry Giant
Akzo Nobel acquires Axalta for $9.2B in all-stock deal, creating global paint leader with combined $17B market value, moving listing to NYSE.