It's now $10.25 to go in the bidding for Outdoor Channel Holdings (OUTD) as Kroenke Sports Entertainment ups its cash offer to $10.25/share from $9.35, moving ahead of InterMedia's $9.75. The termination fee of the amended offer has been raised to a somewhat less than nominal $7.5M from $1M previously. "The gift that keeps on giving," says Whopper Investments who spotted this opportunity when the bid stood at $8.75.
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