EDMONTON, Aug. 7 /CNW/ - At a press conference earlier today, Cal
Nichols, Chairman of the Board of the Edmonton Investors Group ("EIG"),
announced that the EIG has decided not to accept Daryl Katz's offer to acquire
the franchise for C$185 million.
"Clearly I'm disappointed that the ownership group has elected not to
proceed with a sale but I accept their decision and wish them well," said Mr.
Katz. "As an Oilers' fan and the franchise's largest corporate sponsor I will
continue to be a major supporter of the team."
Daryl Katz is the Founder and Chairman of The Katz Group. Founded in 1990
and headquartered in Edmonton, The Katz Group is one of North America's
leading drug store operators with over 1,800 drug stores in Canada and the
United States. Mr. Katz is a graduate of the University of Alberta, having
earned a BA and LLB in 1985.
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