Deals
Outdoor Channel to Be Acquired by Kroenke for $227 Million
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Outdoor Channel Holdings Inc., the owner of a cable-TV network with hunting and fishing programs, agreed to be bought by Kroenke Sports & Entertainment LLC for about $227 million, spurning an earlier offer from InterMedia Outdoors Holdings LLC.
The all-cash offer for $8.75 a share represents a 16 percent premium over Outdoor Channel’s stock price on March 1, before the bid was first disclosed, the Temecula, California-based company said today in a statement.