The Law Offices of Vincent Wong Announce an Investigation into Possible Breaches of Fiduciary Duty by the Board of CKx, Inc. ...
11 Mai 2011 - 3:06AM
Business Wire
The Law Offices of Vincent Wong are 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 proposed deal, CKx stockholders
will receive $5.50 per share in cash for a total transaction value
of 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.
According to Thomson/First Call, 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 Vincent Wong, Esq. either via email
vw@wongesq.com, by telephone at 212.584.2740, or visit
http://www.wongesq.com/ckx-ckxe.html.
Vincent Wong, Esq. is an experienced attorney that has
represented investors in securities litigations involving financial
fraud and violations of shareholder rights. Attorney advertising.
Prior results do not guarantee similar outcomes.
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