Outdoor Channel Holdings said it intends to postpone...
Outdoor Channel Holdings said it intends to postpone its Wednesday stockholder meeting, which was called to approve its amended merger agreement with Kroenke Sports & Entertainment. A new date and time haven’t been set, Outdoor Channel said in a press…
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release (http://bit.ly/16bqx0r). This week, Outdoor Channel’s board decided InterMedia Outdoors’ offer to buy the distributor is superior to Kroenke’s offer (CD May 7 p15). Kroenke can propose changes to its terms within four business days from its Saturday offer, it said. Outdoor Channel determined that it’s in the best interest of stockholders to adjourn the meeting until after Thursday, “the date by which this four business-day period will expire,” it said.