Keep an eye on the higher termination fee in Kroenke's latest raised offer (to $10.25/share in cash) for Outdoor Channel (OUTD), writes Whopper Investments. It suggests either the bid is no longer designed to be beat, or - more fun - Kroenke is trying to draw InterMedia into coming back with a cash and stock deal at a far higher price. Whopper's best guess? InterMedia comes back in the low-mid $11 range with a 20% equity component.
Keep an eye on the higher termination fee in Kroenke's latest raised offer (to $10.25/share in...
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