Daryl Katz

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Daryl A. Katz (b. 1962) is chairman and chief executive officer of The Katz Group, one of North America's leading drug store operators with over 1,800 stores and owns and operates Canada's only national mail order pharmacy business, Meditrust Pharmacy Inc., one of Canada's largest institutional pharmacy operations. Katz is a former lawyer. He currently resides in Edmonton, Alberta.

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[edit] Facts and figures

  • His net worth is reported to be C$2.37 Billion [1] which makes him the 486th richest person in the world.
  • His company (The Katz Group) has the naming rights to Rexall Place (Edmonton's NHL Hockey Arena). In May 2007, Katz made a $145-million bid to buy the Edmonton Oilers franchise, which the owners of the team, the Edmonton Investors Group (EIG), quickly rejected, stating the team was not for sale.
  • In July 2007 he made another bid for the Oilers of $185-million, which was turned down by the EIG on August 7th, 2007.[2]
  • December 12, 2007 Katz made an offer of $188-million to the Edmonton Investment Group (EIG). The Board of the EIG announced in January 2008 that it would again recommend to its shareholders to reject this latest bid.[3]
  • January 28, 2008 Katz ups his offer to $200 million and extends the deadline for acceptance to February 5th, 2008. This bid is expected to be approved, at $22,000 per share.
  • On February 5, 2008, Katz was notified by the EIG that all its members agreed to sell the Oilers to him, pending league and financial approval[4]

[edit] Education

Daryl Katz studied at the University of Alberta, receiving both a bachelor's degree and a law degree. In October 2006 Katz announced a $25 million donation to the University of Alberta Pharmacy Faculty, one of the largest donations in the history of the University of Alberta.


[edit] References

  1. ^ Canadian Business magazine, January-February Issue 2008
  2. ^ CBC News (2007). Oilers not for sale, owners tell billionaire suitor. CBC.ca. Retrieved on 2007-08-07.
  3. ^ Oilers offer again rejected
  4. ^ Katz closes in on bid to buy the Oilers

[edit] External links