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Katz Rejected Again
by Paul on 01/02/08 at 02:46 PM ET
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from TSN and the CP,
The Edmonton Investors Group that currently owns the NHL’s Edmonton Oilers have rejected the latest offer from businessman Daryl Katz to buy the team.
Katz has attempted to purchase the Oilers from the group several times already. The latest bid that was rejected Wednesday was proposed last month when the drugstore billionaire made a $188 million offer for the team.
Update 6:15pm ET: More from TSN
The offer however is far from dead as several major investors are not on the Board and would still like to sell to Katz. TSN has learned that the board voted 6-4 to recommend rejection, but that some of the bigger shareholders are known to support the offer.
Shareholders’ meeting is January 21.
Filed in: NHL Teams, Edmonton Oilers | KK Hockey | Permalink
Tags: Daryl+Katz,
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