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STEP RIGHT UP: NEW PALM BEACH BIDDER ENTERS MARLINS PICTURE
Published August 7, 1998
Palm Beach business exec John Henry "has made an offer to purchase the Marlins from Wayne Huizenga," an exec from Henry's Boca Raton office said Thursday, according to Barry Jackson of the MIAMI HERALD. David Fry, Henry's investment officer, confirmed the offer, but declined further comment. Henry also declined comment. Henry's offer, "submitted recently, is believed to have been" in the $135-140M range -- short of Huizenga's $165M asking price. The initial offer "was rejected," and negotiations "are ongoing, but the sides do not appear close to an agreement." If he buys the Marlins, Henry would be required to sell his 1% interest in the Yankees. In other news, Bacardi Martini USA said that it has decided not to invest in agent Joe Cubas' group, which is considering a bid for the team (MIAMI HERALD, 8/7).