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Golf Town to buy Golfsmith for $97 million in US move

from Bloomberg Businessweek

Golf Town, the Canadian golf retailer owned by Omers Private Equity Inc., agreed to buy Golfsmith International Holdings Inc. for about $97 million to expand in the U.S. The cash transaction may be completed in the third quarter, the companies recently said in a statement. The price of $6.10 a share is 30 percent higher than Austin, Texas-based Golfsmith's closing price on May 11. more

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