In so doing , the court noted the irony that the board stated that the decision to accept the offer was based on their expertise , while at the same time asserting that it was proper .
The price offered was a large premium above market value .
In so doing , the court noted the irony that the board stated that the decision to accept the offer was based on their expertise , while at the same time asserting that it was proper because the price offered was a large premium above market value .