Markets & Finance

Investor Group Buys National Golf Properties


National Golf Properties (TEE), and its largest tenant, privately-held American Golf, agree to be acquired by an investor group led by Goldman Sachs Group (GS) affiliates in a deal valued at $1.1 billion. National Golf, a real estate investment trust that owns 116 golf courses in 22 states, says its shareholders will receive $12 a share in cash, minus any dividends or distributions paid prior to the closing of the deal. (9/16)

The New York Times reports that Cablevision (CVC) Chairman Charles Dolan says he is open to selling the company's cable TV systems serving 3 million people in the New York area, particularly if the other party is AOL

. (9/16)

GenStar Therapeutics (GNT) agrees to merge with closely-held Vascular Genetics Inc. to focus on developing gene-based drug products for heart disease. Human Genome Sciences (HGSI), which holds a 27% interest in Vascular Genetics, and Baxter International (BAX) will each hold a 15% stake in the new company. (9/13)

Bright Now! Dental Inc., Gryphon Advisors II L.P., and The 180 Degree Group, LLC agrees to buy Monarch Dental (MDDS) for $5.00 cash per share. (9/13)

Inverness Medical Innovations (IMA) agrees to acquire Ostex International (OSTX) in a stock deal worth about $27.25 million. Terms: 0.1494 IMA share for each OSTX share. (9/9)

NASB Financial (NASB) agrees to buy CBES Bancorp (CBES) for $17.50 cash per share. (9/6)


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