The Law Office of Joseph Klein is Investigating Possible Breaches of Fiduciary Duty by the Board of CKx, Inc. in Connection w...
17 Mayo 2011 - 6:11PM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of CKx, Inc. (Nasdaq: CKXE) for possible breaches of
fiduciary duty and other violations of state law in connection with
the sale of the Company to an affiliate of Apollo Global
Management. Under the terms of the deal, Apollo Global Management
will pay CKx stockholders $5.50 in cash per share. The total
transaction value is approximately $510 million.
The investigation concerns whether the CKx Board of Directors
breached their fiduciary duties to CKx stockholders by failing to
adequately shop the Company before entering into this transaction
and whether Apollo Global Management is underpaying for CKx shares.
At least one analyst set a price target for CKx stock at $8.00 per
share.
If you own common stock in CKx and wish to obtain additional
information, please contact Joseph Klein, Esq. directly, via email
at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free:
877-STOK-180, or visit
http://www.jkleinlawfirm.com/ckx-ckxe.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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