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CALLAWAY GOLF TAKES ODYSSEY WITH $130M ACQUISITION

          CA-based Callaway Golf announced today that it has
     reached an agreement with U.S. Industries to buy the assets
     of its subsidiary, Odyssey Sports Inc., for $130M in cash. 
     Odyssey Sports makes Odyssey putters, which are the No. 1
     putters used on the Senior PGA and LPGA Tours, No. 2 on the
     Nike Tour and No. 3 on the PGA Tour.  The purchase is
     subject to governmental reviews (Callaway).
          TARNISHED GOLD: Jack Nicklaus' Golden Bear Golf is down
     29% from its IPO price of 16 when it went public last
     August, according to Lisa Sanders of BUSINESS WEEK.  The
     company, which lost $0.60 a share in '96 and $0.29 in the
     first quarter of '97, "mainly blames its slump on the 11
     properties it bought in 1996, which have taken longer and
     cost more to revamp than projected" (BUSINESS WEEK, 7/28).
          HERE'S THE BEEF: As part of Jim Furyk's incentive-based
     endorsement deal with Ruth's Chris Steak House, he receives
     $20,000 for winning a major golf tournament and $10,000 for
     a PGA Tour victory.  A top 10 finish also provides a bonus
     from Ruth's Chris (USA TODAY, 7/21).

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