The Outdoor Channel Holdings board decided the Friday proposal from...
The Outdoor Channel Holdings board decided the Friday proposal from InterMedia Outdoors to buy the Outdoor Channel is a superior proposal. InterMedia offered to buy the distributor at $9.75 per share, Outdoor Channel said in a press release on Monday…
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(http://bit.ly/16bqx0r). Last week, Kroenke Sports and Entertainment increased its offer for Outdoor Channel from $8.75 a share to $9.35 a share (CD May 6 p14). Outdoor Channel notified Kroenke of its intention to terminate the agreement, subject to Kroenke’s right to make an offer within four days that would “cause the InterMedia proposal to no longer constitute a superior proposal,” it said.