Kukla's Korner

Kukla's Korner Hockey

Katz Rejected Again

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

Comments

Be the first to comment.

Add a Comment

Please limit embedded image or media size to 575 pixels wide.

Add your own avatar by joining Kukla's Korner, or logging in and uploading one in your member control panel.

Captchas bug you? Join KK or log in and you won't have to bother.

Smileys

Notify me of follow-up comments?

Feed

Most Recent Blog Posts

About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com