The Shareholder Forum

for

Dover Motorsports, Inc.

Forum Home Page

 

DVD Home Page

DVD Reference

 

For a link to the letter referenced in the article below, with a disclaimer relating to its statements, see

 

Virginian-Pilot, October 11, 2009 article

 

navBar_main

PilotOnline.com

 

By Dustin Long
The Virginian-Pilot
October 11, 2009

____

Nearly a new owner?

A letter from a Dover Motorsports Inc., official to a shareholder reveals International Speedway Corp. and Speedway Motorsports Inc., considered buying the company together in 2007.

The letter, dated last month and from Klaus Belohoubek, senior vice president, general counsel for Dover Motorsports Inc., references a meeting he and other company executives had in a Dallas airport hangar with Lesa France Kennedy and Bruton Smith, SMI Chairman.

The letter to Mario Cibelli says Smith led negotiations.

Belohoubek states, "Mr. Smith proceeded to offer to buy the company at market value with no premium. After about an hour of discussions, he offered an additional nickel per share. Why he chose to be so insulting is anyone's guess, but the meeting adjourned shortly after this."

 

1993-2009, HamptonRoads.com | PilotOnline.com | HamptonRoads.tv

 

 

This Forum project is open to all shareholders of Dover Motorsports, Inc. (NYSE: DVD), or its affiliate, Dover Downs Gaming & Entertainment, Inc. (NYSE: DDE), and to any fiduciaries or professionals concerned with their investment decisions. Participation is free of charge, according to the Forum's standard Conditions of Participation.

The purpose of the Forum is to provide shareholders with access to information and a free exchange of views relating to their consideration of issues described in the Forum Summary. As stated in the Conditions, all Forum participants are expected to make independent use of information obtained through the Forum, subject to the privacy rights of other participants. Forum polices are intended to support anonymous communication, and provide that participants will not be identified or quoted without their explicit permission.

Inquiries and requests to be included in the Forum's distribution list may be addressed to dvd@shareholderforum.com.

The information provided to Forum participants is intended for their private reference, and permission has not been granted for the republishing of any copyrighted material. The material presented on this web site is the responsibility of Gary Lutin, as chairman of the Shareholder Forum.