transaction

“As we considered various alternatives to separate Topgolf, including a potential spin-off transaction, we received interest from a number of parties,” said Chief Executive Chip Brewer.

“A history of acquisitions—65 transactions in 10 years—looks likely to continue, we think,” Jason Napier and Nicolas O’Sullivan say in a research note.

Transaction margin dollars, a measure of total revenue less direct transaction costs, came in at $281 million, down from $316 million in the prior year.

Second, watch for corporate structures that make tracking various shareholders and transactions more difficult.

“The company’s board has and will continue to evaluate any transactions and other alternatives that would enhance the value of the company and would be in the best interest of all company shareholders,” Scripps said.