This appraisal case was brought after the merger of bodog sportsbook reviewcom and Sabre, which made bodog sportsbook review a wholly owned subsidiary of Sabre.
Retained by Morris, Nichols, Arsht & Tunnell
This appraisal case was brought after the merger of bodog sportsbook reviewcom and Sabre, which made bodog sportsbook review a wholly owned subsidiary of Sabre. The plaintiffs alleged that Sabre’s tender offer for the publicly held shares of bodog sportsbook review was unfair and inadequate for bodog sportsbook review’s former minority shareholders, and that Sabre had breached its fiduciary duties to those shareholders.
The court relied on many of Professor Gompers’ conclusions in its ruling on bodog sportsbook review’s value.
Counsel for Sabre retained Cornerstone Research and Professor Paul Gompers of the Harvard Business School to value bodog sportsbook review. Professor Gompers testified about his valuation and assessed the opposing expert’s valuation. The court relied on many of Professor Gompers’ conclusions in its ruling on bodog sportsbook review’s value, finding “Gompers’ detailed analysis of bodog sportsbook review’s risk and expected future growth rates reasonable” and that “Gompers provides detailed and reasonable calculations for both bodog sportsbook review and Expedia’s financial multiples, and the court agrees that these multiples are appropriate in comparing the companies.”