Callaway Golf Acquires Top-Flite Gold Co.

On September 15, 2003, Carlsbad, California-headquartered Callaway Golf Co. completed the court-approved acquisition of the Top-Flite Golf Co. and its foreign subsidiaries, including its Canadian subsidiary, Top-Flite Canada Inc., for US$169.294 million.

Callaway Golf was represented in Canada by Blake, Cassels & Graydon LLP, with a team that included Daryl Clark, Chris Gear and Rebecca Wickens (corporate), Bill Maclagan (tax) and Randy Kaardal and Abdul-Basit Khan (labour and employment); and in the US by Gibson, Dunn & Crutcher LLP, with a team led by Thomas Magill and Eric Nelson in Irvine, California.

The Top-Flite Golf Co. was represented by Paul, Weiss, Rifkind, Wharton & Garrison LLP, with a team led by Kenneth Schneider, and supported by Michael Uster in New York. Top-Flite Canada was represented by McMillan Binch LLP, with a team led by John Clifford (corporate), and supported by Courtney Weiner and Sarah Diamond (corporate), David Wentzell (tax), David Elenbaas and Darryl Hiscocks (labour and employment) and Susan Nickerson (pensions and benefits).