From the Canadian Press:
Canadian pharmacy billionaire Daryl Katz has received the final OK from the National Hockey League to purchase the Edmonton Oilers.
"I am very pleased to have received the Board of Governors' unanimous approval," Katz said in an e-mail to reporters Wednesday. "We look forward to closing the transaction on or before June 30th and gearing up for the coming season."
The league's board also approved the sale of the Tampa Bay Lightning to a group of investors led by Oren Koules and Len Barrie.
The approval of both deals was granted pending the closing of the transactions by the prospective purchasers.
Katz, a reclusive 46-year-old Edmonton resident, took over the Oilers franchise in February after all 34 members of the team's then-ownership group agreed to sell it to him in a C$200-million deal. ...more
Showing posts with label Daryl Katz. Show all posts
Showing posts with label Daryl Katz. Show all posts
Thursday, June 19, 2008
Thursday, December 13, 2007
Pharmacy tycoon makes new bid for Oilers
From the Globe and Mail:
Rexall Founder and Chairman Daryl Katz has made a new offer to purchase the Edmonton Oilers and related assets. The terms of the offer, which were not publicly disclosed, are being delivered directly to the shareholders of the Edmonton Investors Group.
The offer, according to sources, is for $188-million and the difference this time around is, it appears to have a chance of succeeding. Katz's previous offers for the team had fallen on deaf ears.
Katz's offer was made at the encouragement of a number of significant EIG shareholders over the past six months. In particular, Katz called Cal Nichols, Founding Chairman of the Board of EIG on Thursday morning to outline the terms and conditions of the offer. Nichols said that it was an offer that he would enthusiastically support. ...more
Rexall Founder and Chairman Daryl Katz has made a new offer to purchase the Edmonton Oilers and related assets. The terms of the offer, which were not publicly disclosed, are being delivered directly to the shareholders of the Edmonton Investors Group.
The offer, according to sources, is for $188-million and the difference this time around is, it appears to have a chance of succeeding. Katz's previous offers for the team had fallen on deaf ears.
Katz's offer was made at the encouragement of a number of significant EIG shareholders over the past six months. In particular, Katz called Cal Nichols, Founding Chairman of the Board of EIG on Thursday morning to outline the terms and conditions of the offer. Nichols said that it was an offer that he would enthusiastically support. ...more
Sunday, May 06, 2007
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
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
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