Outdoor Channel (OUTD) Deems Kroenke Bid 'Superior Proposal'
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InterMedia Thinks Kroenke Bid for Outdoor Channel (OUTD) Not 'Suprior Proposal'
March 4, 2013 10:55 AM ESTOn March 3, 2013, InterMedia Partners VII, L.P. and InterMedia Outdoor Holdings, Inc. ("IMOH") submitted a letter to the members of the board of directors of Outdoor Channel Holdings, Inc. (Nasdaq: OUTD), expressing their belief that the conditional proposal to acquire all of the outstanding common stock of OUTD submitted by Kroenke Sports & Entertainment, LLC cannot constitute a "Superior Proposal" (as defined in OUTD's Merger Agreement, dated November 15, 2012, with IMOH and certain affiliated entities) relative to the IMOH cash and stock transaction.
A copy of the Letter is included below.
INTERMEDIA... More
Outdoor Channel (OUTD) Receives Unsolicited $8.75/Sh Takeover Offer
March 4, 2013 9:43 AM ESTShares of Outdoor Channel Holdings, Inc. (NASDAQ: OUTD) are 15 percent higher early Monday after the company acknowledged that it received an unsolicited, nonbinding, written proposal from Kroenke Sports & Entertainment, LLC to acquire all of its outstanding shares of common stock in an all-cash... More
