SBD/Morning Buzz

Outdoor Channel Recommends Shareholders Approve Kroenke's Offer

Kroenke Sports & Entertainment yesterday agreed to “increase its offer” for the Outdoor Channel to $9.35 per share, besting a $9.15 per share bid made by InterMedia Partners on April 30. Outdoor Channel in a statement said that it has “accepted the sweetened Kroenke bid and recommends that its shareholders vote in favor of the deal” in a special meeting of stockholders slated for May 8 (MULTICHANNEL.com, 5/2).
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