carlsbad, calif.,jan. 11, 2017/prnewswire/-callaway Golf wey (nyse:ELY) DaHjaj announced ogio international, inc. Suq 'oH$ 75.5 'uy'qaStaHvIS Hoch-je'laH 'e' baj transaction, subject to working mon adjustment.
callawayand vIlopQo' jay' 39; enhances acquisition s presence neH golf poStaHvIS je platform DuHIvDI' pIq nen pa' lifestyle category. exclude QI'yaH-recurring transaction transition 'ej expenses, callawayand vIlopQo' jay' 39; 'e' SIbI' accretive earnings acquisition pIH s management.
andquot; Sey vIHtaHbogh ogio moj 'ay' callaway je, maj Sep 'oHba' strategically Hach nen pa' yoS tangential, andquot aligns acquisition 'e' luHar. commentbrewer Qeb, president 'ej chief executive yaS callaway Golf wey. andquot; novpu' nejtaH ghaH robust strategic ghoghmey SabtaHbogh wey. batlhchaj HoS brands sports quH 'e' nongtaHghachwIj jenwI'-laHlIj, yIqaw-yItungHa', qaH QaQ products chenmoH SoH. ghaH je tera'Daq veQ overlap supply mIr 'ej Ha'--malja''e', Dup vaj maHvaD lo'laHghach chel 'ej profitable growth.andquot chenmoH chaw'.
callaway jInmol annual ebitda generate Suq malja' approximately$ 10 'uy'qaSpu'DI' integrated acquisition 'ej tlhoj operational synergies majority. 'e' tlhoj operational synergies majority qaS cha' DIS noH callaway. ebitda jInmol je' 'ay' lo'laHghach ogio legh approximately 7.6 x multiple. tera'Daq veQ lo'laHghach vo' potential rup chepmoH je transaction maqochpu'na' maHtaH tlhoj je pIH callaway.
qaStaHvIS 2017, pIH ogio ghaq callaway approximately$ 45 'uy'pa' revenue. qaSpu'DI' QI'yaH-recurring transaction transition 'ej expenses absorbing approximately$ 7 'uy', pIH ogio 'e' dilutive pong approximately$0.02callawayand vIlopQo' jay' 39; SoH 'ach pIHbe' 'e' accretive thereafter s 2017 earnings per.
je'laH 'e' baj ghop vo' nIv'e' asset-Dub DeQ facilities borrowings 'ej transaction finance Hech callaway. latham andamp; je mub counsel vang watkins llp 'ej je financial advisor callaway vang lazard. snell andamp; vang wilmer llp mub counsel robert w. baird andamp je; vang co. je financial advisor ogio.