Outdoor Channel Announces Intention To Adjourn Special Meeting Of Stockholders And Extension Of Stockholder Election Deadline
Stockholders do not need to take any action at this time. Outdoor Channel will make additional disclosure in advance of the reconvened special meeting, and stockholders will have an opportunity to change its vote at any time prior to the vote at the reconvened special meeting. If an Outdoor Channel stockholder has previously submitted its proxy card or voted by internet or telephone and does not currently wish to change its vote, no further action is required by such stockholder. If an Outdoor Channel stockholder would like to vote or change its vote, please refer to the instructions provided in the definitive proxy statement/prospectus. The record date for Outdoor Channel stockholders entitled to vote at the special meeting remains January 25, 2013.
Outdoor Channel also announced today that it and InterMedia have agreed to extend the deadline for Outdoor Channel stockholders to elect the form of merger consideration they wish to receive in connection with the proposed acquisition of Outdoor Channel by InterMedia to 5:00 P.M., New York City time, on March 20, 2013 (the "Election Deadline"). As previously announced, Outdoor Channel stockholders can elect, for each share of Outdoor Channel common stock held, either cash, IMOH common stock, or a mix of cash and IMOH common stock, according to the terms set forth in the proxy statement/prospectus. Elections for all cash and elections for all stock may be subject to proration.
In order for an election to be effective, the exchange agent, Computershare Trust Co., must receive a properly completed Election Form and Letter of Transmittal prior to the Election Deadline. Outdoor Channel stockholders who have already submitted a completed Election Form and Letter of Transmittal, but wish to change their consideration election, may withdraw such submission and resubmit a new Election Form and Letter of Transmittal to the exchange agent prior to the Election Deadline.
Copies of the Election Form and Letter of Transmittal and proxy statement/prospectus were mailed to Outdoor Channel stockholders on or about February 12, 2013, and contain additional information regarding the transaction, submitting your vote and making a consideration election. Outdoor Channel stockholders are urged to carefully review the proxy statement/prospectus and the other materials included or incorporated by reference therein.
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