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CALLAWAY GOLF WITHDRAWS REGISTRATION STATEMENT FOR SECONDARY OFFERING

CALLAWAY GOLF WITHDRAWS REGISTRATION STATEMENT FOR SECONDARY OFFERING
 CARLSBAD, Calif., June 29 /PRNewswire/ -- Callaway Golf Co. (NYSE: ELY) announced today that each of the four selling shareholders involved have decided to withdraw all of their shares from registration with the Securities and Exchange Commission.
 Therefore the 2,950,727 shares of common stock in Callaway Golf Co. will not be offered under the previously contemplated secondary offering announced by the company on June 12, 1992.
 Recent weakness in general market conditions is the reason for this withdrawal.
 The four shareholders involved in the withdrawal are General Electric Pension Trust, Banc One Capital Partners Corp., National City Capital Corp. and certain venture capital funds managed by U.S. Ventures.
 -0- 6/29/92
 /CONTACT: Donald Dye of Calloway Golf, 619-931-1771/
 (ELY) CO: Callaway Golf Co. ST: California IN: SU: OFR


KJ-CH -- SD002 -- 4900 06/29/92 16:57 EDT
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Publication:PR Newswire
Date:Jun 29, 1992
Words:148
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