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It's now $10.25 to go in the bidding for Outdoor Channel Holdings (OUTD) as Kroenke Sports...

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.
Comments (2)
  • Chris DeMuth Jr.
    , contributor
    Comments (4037) | Send Message
     
    This is a great development for OUTD shareholders.
    8 May 2013, 09:46 PM Reply Like
  • TheCompleatAngler
    , contributor
    Comments (162) | Send Message
     
    Given that Kroenke now has 41% of the votes committed to him, I think that Intermedia is in a situation where it has to offer its best bid if there is to be another. Everything is negotiable, and Kroenke could release those votes if Intermedia made a bid that satisfied him enough to do so.
    9 May 2013, 10:56 AM Reply Like
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