Law Office of Brodsky & Smith, LLC Announces Investigation of CKx, Inc.
11 Maggio 2011 - 5:30AM
Business Wire
Law office of Brodsky & Smith, LLC announces that it is
investigating potential claims against the Board of Directors of
CKx, Inc. (“CKx” or the “Company”) (Nasdaq - CKXE) relating to the
proposed acquisition by Apollo Global Management (“Apollo”).
Under the terms of the transaction, shareholders of CKx will
receive $5.50 in cash for each share of CKx stock they own. The
investigation concerns possible breaches of fiduciary duty and
other violations of state law by the Board of Directors of CKx by
not acting in CKx shareholders' best interests in connection with
the sale process to Apollo. The transaction may undervalue CKx as
CKx stock traded at $5.53 as recently as July 27, 2010 and an
analyst placed a target price for CKx stock at $8.00 per share.
If you own shares of CKx stock and wish to discuss the legal
ramifications of the proposed transaction, or have any questions,
you may e-mail or call the law office of Brodsky & Smith, LLC
who will, without obligation or cost to you, attempt to answer your
questions. You may contact Jason L. Brodsky, Esquire or Evan J.
Smith, Esquire at Brodsky & Smith, LLC, Two Bala Plaza, Suite
602, Bala Cynwyd, PA 19004, by e-mail at
investorrelations@brodsky-smith.com, visiting
http://brodsky-smith.com/287-ckxe-ckx-inc.html, or by calling toll
free 877-LEGAL-90.
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