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Callaway Aims to Buy Back More Shares

Callaway Golf Co. said June 5 that its board has authorized the company to repurchase up to $100 million of company common stock, traded on the New York Stock Exchange as ELY.

In June 2006, Callaway announced a $50 million stock repurchase program, which is cancelled and superseded by the new, $100 million repurchase program.

To date, under the old program, the company had repurchased $28.6 million in stock.

ELY closed on June 4 at $18.31, up 17 cents from the previous day’s close.

, Andy Killion

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