InterMedia Ups Bid To $259M For Outdoor Channel

Law360, New York (May 3, 2013, 3:58 PM EDT) -- Private equity-controlled InterMedia Outdoors Holdings LLC upped its offer again to buy Outdoor Channel Holdings Inc. to an estimated $258.5 million on Friday, beating out sports mogul Stan Kroenke's latest proposal to pay $241.7 million for Outdoor Channel.

The escalating bidding war reached a new height as InterMedia said it would pay $9.75 per share to acquire all of Outdoor Channel's outstanding shares of common stock, a day after Outdoor Channel said it had agreed to a $241.7 million, $9.35 per share offer from KSE....
To view the full article, register now.