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According to a report from The Fourth Period, Canadian billionaire Bill Gallacher is attempting to purchase the Devils.

The Fourth Period reported that two separate sources confirmed this report. It's believed Gallacher wants to purchase majority stake of the team but there is nothing close at the present time.

One source told The Fourth Period that a deal could be done in the coming months or as soon as January 2013.

Gallacher was close to purchasing the Dallas Stars a few years ago, but was out bid.

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