Rigrodsky & Long, P.A. Investigates CKX, Inc.'s Sale to Apollo Global Management for Shareholders

  • Do you own CKX, Inc. common stock?
  • Did you purchase your shares prior to May 10, 2011?
  • Do you feel the Company's sale to Apollo Global Management is unfair?
  • Do you want to discuss your rights?

If the answer to these questions is "yes," please contact the deal lawyers at Rigrodsky & Long, P.A. ("R & L") today to schedule a FREE consultation. Just call us, or fill out our contact form so that we can call at your convenience. Your consultation will not create any obligation to use our services at any time.

Contact R & L today to be sure your best interests are being protected.

R & L is national law firm with decades of combined legal experience. R & L is investigating potential claims against the board of directors of CKX, Inc. concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired and taken private by an affiliate of Apollo Global Management in a transaction valued at approximately $509 million.

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Rigrodsky & Long, P.A. Investigates CKX, Inc.'s Sale to Apollo Global Management for Shareholders

Rigrodsky & Long, P.A. announces that it is investigating potential claims against the board of directors of CKX, Inc. (“CKX” or the “Company”) (Nasdaq: CKXE) concerning possible breaches of fiduciary duty and other violations of law related to the Company’s entry into an agreement to be acquired and taken private by an affiliate of Apollo Global Management (“Apollo”) in a transaction valued at approximately $509 million.

Under the proposed agreement, Apollo will commence a tender offer for all of the outstanding shares of CKX for $5.50 per share in cash.  In addition, Apollo has also obtained support agreements from two significant shareholders, The Promenade Trust, the sole beneficiary of which is Lisa Marie Presley and which is the Company’s partner in Elvis Presley Enterprises, and Robert F.X. Sillerman, the Company’s largest shareholder.

The investigation concerns whether CKX’s board of directors failed to adequately shop the Company and obtain the best price possible for CKX’s shareholders before entering into the agreement with Apollo.

If you own the common stock of CKX and purchased your shares before May 10, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Seth D. Rigrodsky, Esquire or Noah R. Wortman, Case Development Director, of Rigrodsky & Long, P.A., 919 N. Market Street, Suite 980, Wilmington, Delaware, by telephone at (888) 969-4242, or by e-mail to info@rigrodskylong.com.

Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

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R & L, with offices in Delaware and New York, litigates securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, including claims for breach of fiduciary duty and proxy violations in the Delaware Court of Chancery and in state and federal courts throughout the United States.

Attorney advertising.  Prior results do not guarantee a similar outcome.

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