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Outdoor Channel gets $9.75 per share cash offer from InterMedia Outdoors

InterMedia Outdoors Holdings announced it has delivered a definitive binding offer to Outdoor Channel Holdings to acquire, on the terms and conditions set forth in the offer, all of the outstanding shares of common stock of Outdoor Channel, at a price of $9.75 per share in cash. InterMedia says its offer represents a superior proposal to Outdoor Channel's pending transaction with Kroenke Sports & Entertainment. InterMedia's offer will remain open until 5:00 p.m. Pacific time on May 10, it stated.