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The article below was published in the "Pipeline" private subscription service of The Deal, and is presented with permission.

For additional information about the shareholder proposal and offer reported in the article below, see

 

The Deal, December 1, 2008 article

 

The Deal  

 

 

Marathon pressures Dover Motorsports
Updated 02:37 PM, Dec-01-2009 ET

Mario Cibelli of Marathon Partners LP, who is pushing for an auction of Dover Motorsports Inc., wants to eliminate certain restrictions on transfers of the auto racing track owner's non-publicly traded Class A common stock. Cibelli disclosed his move in a Tuesday, Dec. 1, filing to the U.S. Securities and Exchange Commission. RMT Trust contends that Class A common stock, of which it owns 8 million of the 18.5 million outstanding shares, can only be held by founding stockholders and their family. Cibelli, whose firm is the largest shareholder of Dover, wants to amend these corporate by-laws. He had offered to buy those 8 million shares that give RMT Trust voting control of Dover, but was rejected on Nov. 17. — Anthony Noto
 

 

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