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Callaway Golf (ELY) Stock Higher, Explores Poaching Nike Golf-Sponsored Athletes

NEW YORK (TheStreet) -- Shares of Callaway Golf (ELY) were increasing in late-afternoon trading on Thursday as CEO Chip Brewer may be looking to claim athlete sponsorships and business left open after Nike's (NKE) decision to drop golf club, ball and bag sales last month.

The Carlsbad, CA-based golf-equipment manufacturer is looking to approach Nike-sponsored athletes and country-club pros who market Nike gear to amateur players, according to Bloomberg.

Nike decided to only...