Investor Group Buys National Golf Properties

Cablevision's Charles Dolan reportedly says he is open to selling the company's cable TV systems, and more merger news

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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