FT is investigating potential claims on behalf of shareholders of Youbet.com, Inc. (Nasdaq: UBET) arising from the Company’s announcement of its intent to merge with Churchill Downs, Inc.

Under the terms of the proposed agreement, Youbet shareholders will receive a fixed ratio of 0.0598 shares of Churchill common stock plus $0.97 in cash for every share of Youbet common stock they own.  The transaction represents an implied per-share value of approximately $2.84 for each Youtube share and is valued at approximately $126.8 million.

The investigation is focused on the potential unfairness of the price to Youbet shareholders and the process by which the Youbet Board of Directors considered and approved the transaction.   Less than four months ago, Youbet stock closed at $3.91 per share.

If you are interested in discussing your rights as a Youbet shareholder, or have information relating to this investigation, please contact Finkelstein Thompson'sWashington, DC offices at (877) 337-1050 or by email at This email address is being protected from spam bots, you need Javascript enabled to view it