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Oilers Shareholders Asked to Accept Offer
by Alanah McGinley on 02/04/08 at 12:06 PM ET
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From the CP via the Sporting News,
Pharmacy tycoon Daryl Katz is a step closer to buying the Edmonton Oilers.
The board of directors of the Edmonton Investment Group which owns the team has sent out a letter to shareholders with the recommendation that they accept their portions of the $200 million Katz has offered for the shares.
“The board has made a recommendation to our remaining shareholders to tender their shares,” Investors Group chairman Bill Butler said.
Filed in: NHL Teams, Edmonton Oilers, NHL Talk, NHL Business of Hockey | KK Hockey | Permalink
Tags: daryl+katz,
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