|
|
News Breaks | | | | March 6, 2013 | | 09:17 EDT |  | OUTD | Kroenke Sports offers to acquire Outdoor Channel for $8.75 per share in cash
On March 6, Kroenke Sports & Entertainment delivered a definitive proposal to the board of directors of Outdoor Channel Holdings to acquire, on the terms and conditions set forth in the proposal, all of the outstanding shares of common stock of OUTD, at a price of $8.75 per share in cash. "Our transaction agreements track closely in all relevant respects your pending merger agreement with InterMedia, except for certain enhancements to the rights of OUTD and your stockholders described below. Our proposal is definitive and contains no financing or due diligence conditions. We are prepared to sign the merger agreement and voting support agreement in the forms attached to this letter, upon termination of the current agreements with InterMedia and confirmation that your Board has approved the transactions contemplated by our definitive proposal. Our proposal is not subject to a financing contingency and does not limit your recovery against us to a reverse break-up fee in the event we fail to finance the transaction. In addition to providing superior valuation and superior contractual certainty for OUTD, our proposal can be completed on a prompt and expeditious basis. We believe the transaction can be completed as early as two months from signing." | |
|
News For OUTD From The Last 14 Days Check below for free stories on OUTD the last two weeks. |
|
|
| May 8, 2013 | | 19:21 EDT | | OUTD | Outdoor Channel to get $10.25 per share in merger with Kroenke Sports
 Subscribe for More Information | |
|
|
|
|
|
|
