TEMECULA, Calif., March 7, 2013 (GLOBE NEWSWIRE) -- Outdoor Channel Holdings, Inc. (Nasdaq:OUTD) (the "Company" or "Outdoor Channel") today announced that its board of directors, after consultation with the Company's outside legal counsel and financial advisor, unanimously determined that the proposal submitted by Kroenke Sports & Entertainment, LLC ("KSE") to acquire all outstanding shares of Outdoor Channel common stock in an all-cash transaction at a price of $8.75 per share constitutes a "Superior Proposal" as such term is defined in Outdoor Channel's merger agreement with InterMedia Outdoors Holdings, LLC ("IMOTSC") and certain of its affiliates dated as of November 15, 2012 (the "InterMedia Agreement").
Outdoor Channel Determines That Kroenke Proposal Is A Superior Proposal
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