Truth & Rumors > Golf
Sources: Callaway to bid on Fortune Brands
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08:25 AM ET 04.30 | Blackstone Group LP (BX.N) is teaming up with Callaway Golf Co (ELY.N) for a possible bid for Fortune Brands Inc's (FO.N) golf business, two sources familiar with the matter said. A deal could be worth up to $1 billion, one of those sources said. Final bids for the auction, which has attracted interest from Asian bidders, are due on May 9, that source added.
Callaway Golf, Bloomberg/Getty Images
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