Citations
- 334 F. Supp. 2d 252
Full opinion text
MEMORANDUM-DECISION and ORDER
HURD, District Judge.
TABLE OF CONTENTS
I.INTRODUCTION.255
II. FINDINGS OF FACT .256
A. CommutAir.256
B. Late 1993-CommutAir Develops Interest in ESOP Transaction.256
1. December 1993 — CommutAir Speaks with U.S. Trust.257
2. Valuation Methodology.■.258
3. January 5,1994 — CommutAir Submits Management Projections.258
4. January 14,1994 — Kick-off Meeting .259
C. January 17-20,1994 — Initial Offer and Retention of U.S. Trust.260
D. February 1994 — Due Diligence, Fare Wars, U.S. Trust/HLHZ Meeting.261
1. February 2,1994 — Due Diligence Meeting...261
2. HLHZ Preliminary Valuation.262
3. East Coast Fare Wars.262
4. February 28,2004 — U.S. Trust Meets with HLHZ.262
E. March 7 and 8,1994 — HLHZ Draft Opinion, Negotiation Meeting.264
1. March 7,1994 — U.S. Trust Receives HLHZ Draft Opinion.264
2. March 8,1994 — ESOP Team Meets With Sellers .265
F. March 10 and 15,1994 — Transaction Approved and Takes Place tO 05 oi
1. March 10,1994 — U.S. Trust Approves Transaction. tC 05 cn
2. March 15,1994 — Transaction Date. DO 05 ^
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