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Oilers Shareholders Asked to Accept Offer

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.

continued…

Filed in: NHL Teams, Edmonton Oilers, NHL Talk, NHL Business of Hockey, | KK Hockey | Permalink
  Tags: daryl+katz

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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