InterMedia Rebids For Outdoor Channel After Rival's FTC Nod

Law360, New York (April 30, 2013, 6:59 PM EDT) -- InterMedia Outdoors Holdings LLC on Tuesday proposed to buy Outdoor Channel Holdings Inc. for an estimated $236.5 million — a higher bid than sports mogul Stan Kroenke's proposed $226.9 million acquisition of Outdoor Channel, a deal that recently secured antitrust approval in the U.S.

The proposal — under which InterMedia Partners VII LP and InterMedia Outdoors would pay $9.15 per share to acquire all of Outdoor Channel's outstanding shares of common stock — marks the latest salvo in a bidding battle between InterMedia and Kroenke Sports...
To view the full article, register now.