Through the all-stock deal with the private-equity firm, which is expected to close in the fourth quarter of this year, shareholders will receive $17.12 per share in cash, a premium of about 30.7% over the management firm’s closing stock price on July 7. “With the support of the Apollo funds, we are confident that ClubCorp will be able to continue building on its success,” said Chairman John Beckert.
It may not be possible to completely eradicate disease and other threats from golf course greens, but superintendents have a number of available resources to keep them at bay.
Formerly known as the Bear’s Den, the dining area at The Woodlands, Texas property was renamed in honor of its founding members. The project has updated the bar to a horseshoe shape that seats up to 14 and is lit with LED lighting, added a wine tap system, and created an outdoor space with a patio, fire pit and outdoor seating.
Following days of heavy rain in May 2016, the golf course at The Woodlands, Texas property suffered heavy structural damage, prompting a bunker renovation that began in August. The project also focused on improved playability and accessibility, and an overall reduction in size to increase maintenance efficiency.