![]() Based on the closing price of CDI common stock on Tues. ![]() After the close of the transaction, shareholders are expected to own approximately 16% of CDI. Under the terms of the transaction, Youbet shareholders would receive a fixed ratio of 0.0598 shares of CDI common stock plus $0.97 in cash for each share of Youbet common stock they own, subject to possible future adjustment to the exchange ratio in very limited circumstances to increase the cash consideration and correspondingly decrease the stock consideration, in order to ensure that the transaction does not require CDI to issue more than 19.6% of its outstanding common stock prior to the transaction. 10, 2009, closing price of CDI common stock. (NASDAQ: UBET) (“Youbet”) announced today they have entered into a definitive merger agreement under which CDI would acquire all of the outstanding shares of Youbet in a transaction valued at approximately $126.8 million based on the Tues. ![]() 31 KBĬhurchill Downs Incorporated To Acquire ., Inc.Ĭhurchill Downs Incorporated (NASDAQ: CHDN) (“CDI”) and, Inc. Churchill Downs Incorporated To Acquire ., Inc.
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