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January 02, 2008 -- 8:47 PM
posted by Par
So, the Oilers Board of Directors recommends rejecting Daryl Katz's offer. Apparently, because they have questions:
Bill Butler, Chairman of the Edmonton Investors Group, made this statement: “Our Board has full respect for the offer made by Rexall Sports. We feel it is essential that the process, in responding to this offer, be one which is transparent to every shareholder.
“Most important, we should never lose sight of what our group has accomplished since 1998. Whatever decisions we make should honour the spirit and commitment to Edmonton which first brought us together as shareholders.â€
Daryl Katz has questions for the EIG. Questions that can be summed up as "if you had questions, why didn't you just ask me?":
"The Board's conduct in recent days is confusing and I fail to see how it serves the best interests of EIG shareholders," said Mr. Katz. "I have offered repeatedly to meet with the EIG Board of Directors, EIG shareholders - either individually or as a group - and with the professional advisors to any of the above to discuss my interest in acquiring the team and answer their questions. Neither the Board nor its advisors have accepted my offers to meet. Indeed the first communication we have received from the Board came in the letter sent by their lawyer on New Year's Eve. That letter was followed by today's press conference in which Mr. Butler, without having the benefit of my response, is reported to have said the Board is recommending shareholders vote against my offer."
Why has everything in the last 18 months with this team been a soap opera?
January 02, 2008 -- 8:36 PM
posted by Par
I don't think so. How would they portray you on their money?
January 02, 2008 -- 3:57 PM
posted by alison
this is pretty interesting, I nicked it off of one of the knitting blogs I frequent:
January 02, 2008 -- 10:39 AM
posted by alison
January 01, 2008 -- 10:53 PM
posted by Mary
Hi Jess! Thanks so much for hosting us all last night! The beer isn't ours (mine, Katie's or Ed's)...sorry!
January 01, 2008 -- 9:47 PM
posted by Jsese
Hey all, just wanted to wish you a happy new year. Wish I could've been at the new years party. Based on what was left it would've been an interesting night. I was driving through saskatchewan at the time. yay for 13 hr drives to winnipeg!!! I am just saying that I will be falling even further off of the face of the planet for the next while. I am going on my first trip out of the country since grade 10. off to the dominican republic I go. this'll be my first last and only correspondance until I return sometime next week. Hope the newyear is treating you all kindly! see you when I return.
January 01, 2008 -- 1:17 PM
posted by Jess
Hey all - just to let you all know there was a ton of food/drink that got left here last night. I thought people might be most interested in these things:
-an unopened bottle of dark Barcardi rum (Beck?)
-an almost full (5 bottles) case of Miller Genuine Draft (Ed/Mary/Katie?)
-a long green tupperware full of fudge and other goodies (Alison)
If you want these things, or left something else consumable, let me know! Or if you just want to take some sweets off our hands - we have piles and Matt won't eat any of it....
Thanks everyone for coming last night and bringing munchies - we had a good time!
January 01, 2008 -- 12:32 PM
posted by Al
Possibly another game by Tay, couldn't tell but it is on Xgen's website.
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