Golf club operator ClubCorp Holdings Inc (MYCC.N) took itself off the block and said it would not explore strategic alternatives at this time as it did not get a purchase proposal for the entire company.

Shares of the company, one of the largest owners and operators of private golf and country clubs in the United States, fell about 11 percent to $13.75.

ClubCorp, which also reported quarterly sales and profit below estimates, said Chief Executive Eric Affeldt would step down upon the appointment of a successor.

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