Edmonton pharmacy billionaire steps up with surprise offer of $145 million for Oilers

From the National Post:
Edmonton drugstore billionaire Daryl Katz, the reclusive owner of the 1,800-store Katz Group pharmacy empire, has launched a surprise $145-million bid to acquire the Edmonton Oilers.

The all-cash offer by Katz, 45, an Edmonton native and University of Alberta law school grad whom Forbes magazine now ranks among the world's richest men, was made to the 37-member Edmonton Oilers ownership group earlier this week.

Under terms of the offer, disclosed to The Journal late Friday by a source familiar with information shared at the meeting, the Oilers would remain in Edmonton. ...more