Court Rejects DCF and Uses Comparable Public Company Method

Business Valuation UpdateVol. 11 No. 4
Legal and Court Case Update
April 2005

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4724 Travel Agencies
561510 Travel Agencies
shareholder dissent/oppression
Doft & Co. v. Travelocity.com Inc.
2004 Del. Ch. LEXIS 75
May 20, 2004
US
State Court
Delaware
Court of Chancery
Alan J. Stone, James G. McMillan III, Norman M. Monhait, Thomas M. Skelton
William H. Purcell (for shareholder), Paul A. Gompers (for Travelocity)
Lamb

Summary

A minority shareholder of Travelocity.com Inc. (Travelocity) brought a dissenting shareholder action contesting the $28 per share it received in a short-form merger of Travelocity and seeking a determination of the fair value of its shares.

See Also

Doft & Co. v. Travelocity.com Inc.

Full Text of Court Cases
May 20, 2004

A minority shareholder of Travelocity.com Inc. (Travelocity) brought a dissenting shareholder action contesting the $28 per share it received in a short-form merger of Travelocity and seeking a determination of the fair value of its shares.