![]() The company faces a $4.32 million breakup fee it if pulls out of the merger. ![]() 31, 2008.īalch claims directors failed to carry out their fiduciary responsibility to reap a top price for stockholders. It’s shares hit a yearly high of $3.91 on July 24 from a low of 79 cents in Dec. The gambling dot-com, based in Burbank, Calif., reported sales of $109 million last year. For his career, Brady was 8-4 against Mannings Colts, and is 12-3 overall against Indianapolis in the regular season. 11, the day the cash-and-stock deal was announced.īalch didn’t say in his lawsuit what he considers a fair price. The Colts reeled off three consecutive victories from there, including a win against Bradys Patriots in the AFC Championship Game in 2007. The price for Louisville, Ky.-based Churchill Downs was a 28 percent premium on Nov. ![]() The deal is “designed to take advantage of ’s stockholders who are vulnerable from disappointing reversals in the equity markets,” the filing said. ![]() An angry shareholder is suing to take the $126.8 million merger between online gambling company and the Kentucky Derby venue off-track.įor a month, Churchill Downs has had a proposal on the table to pay $2.86 a share for, which offers Internet betting services for more than 180 racetracks and live track video.īut investor Raymond Balch, a investor, claims in a Delaware lawsuit that the price “is unfair and grossly inadequate.” ![]()
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