Outdoor Channel Holdings (OUTD +7.4%) continues to trade well north of last night's $9.15/share cash offer from InterMedia. What's next? The two SA Pro authors who originally spotted this opportunity believe (I, II) Kroenke isn't ready to sell at $9.15 and InterMedia has already indicated it's willing to pay more than that. The final bid, says Whopper Investments, could come soon and is likely to be closer to $10 than $9.
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