Law Offices of Howard G. Smith Announces Investigation On Behalf of Shareholders of CKx, Inc., in Connection with the Propose...
11 Mayo 2011 - 6:30PM
Business Wire
Law Offices of Howard G. Smith announces that it is
investigating potential claims against the board of directors of
CKx, Inc. (“CKx” or the “Company”) (NASDAQ: CKXE) related to the
Company’s agreement to be acquired by an affiliate of Apollo Global
Management (“Apollo”).
Under the terms of the definitive merger agreement entered into
by the parties, CKx stockholders will receive $5.50 in cash for
each share they own of the Company’s common stock. The transaction
is structured as a cash tender offer, which is expected to commence
shortly and will expire 20 business days after it commences,
followed by a merger. If the proposed transaction is completed, CKx
will become a private company, controlled by an affiliate of
Apollo. The investigation concerns possible breaches of fiduciary
duty and other violations of law related to approval of the
proposed transaction by the CKx board of directors.
If you are a shareholder of CKx, 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 Howard G. Smith, Esquire, of Law Offices of
Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, Toll Free at
(888) 638-4847, or by email to howardsmith@howardsmithlaw.com, or
visit our website at http://www.howardsmithlaw.com.
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