Outdoor Channel Says Kroenke Makes $227 Million Takeover Bid
This article is for subscribers only.
Outdoor Channel Holdings Inc., the owner of a cable-TV network with hunting and fishing programs, said it received an unsolicited $227 million takeover bid from Kroenke Sports & Entertainment LLC.
The $8.75-a-share cash offer appears to be superior to the TV-network company’s previously announced plan to merge with InterMedia Outdoor Holdings Inc., Outdoor Channel said today in a statement. The board has authorized talks with Kroenke, it said.