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US Buyout Firm Apollo to Buy ClubCorp for $1.1 Billion

WASHINGTON — Apollo Global Management has agreed to purchase ClubCorp, which owns more than 200 golf and country clubs, for $1.1 billion.Apollo, a private equity firm, said Sunday that it would pay $17.12 per share in cash, a 30.7-percent premium over the company's closing share price Friday.Dallas-based ClubCorp was founded in 1957 and operates…
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