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Stock Market & Financial Investment News

News Breaks
March 13, 2013
09:12 EDTOUTDOutdoor Channel agrees to be acquired by KSE for $8.75 per share
Outdoor Channel announced that it entered into a definitive merger agreement with Kroenke Sports & Entertainment, or KSE, pursuant to which KSE will acquire all of the outstanding shares of common stock of Outdoor Channel in an all-cash transaction at a price of $8.75 per share. This per share price represents a premium of approximately 15.9% to Outdoor Channel's closing stock price on March 1, which was the last trading day prior to the public disclosure of the KSE proposal, and approximately 21.7% to Outdoor Channel's closing stock price on November 15, 2012, which was the last trading day prior to Outdoor Channel's announcement that it had entered into a definitive merger agreement with InterMedia Outdoors Holdings.
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