PRIVATE EYES: NORTHWEST SPORTS ENTERPRISES PONDERS MOVE

          Canucks Owner Northwest Sports Enterprises (NSE) "is
     proposing to go private by offering" C$14 per share to about
     1,000 minority shareholders who hold 2.8% of the shares that
     last traded for C$35, according to John Schreiner of the
     FINANCIAL POST.  The "justification" for the offered price
     is a valuation by PricewaterhouseCoopers that says the
     Canucks "are worth less than the cash" that team Owner John
     McCaw "has sunk into the team to keep it afloat over the
     past five years."  NSE is 86.5% owned by Orca Bay Holdings
     and Vancouver-based Primex Investments (PI) owns 10.7% of
     NSE.  The current C$14 per share offer "does not extend" to
     PI (FIN. POST, 9/13).  In Vancouver, David Baines writes
     that if all 1,000 shareholders tender their shares, McCaw
     will have to pay a total of C$392,000 (VAN. SUN, 9/13).