NEW YORK, May 11, 2011 (GLOBE NEWSWIRE) -- Levi & Korsinsky is investigating the Board of Directors of CKx, Inc. ("CKx" or the "Company") 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 transaction, CKx stockholders will receive $5.50 in cash per share of CKx stock they own for a total transaction value of approximately $510 million.
Click here to learn how to join the action: http://zlk.9nl.com/ckx-ckxe, or call: 877-363-5972.
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, thus unlawfully harming CKx stockholders. In particular, 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 E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972, or visit http://zlk.9nl.com/ckx-ckxe.
Levi & Korsinsky has expertise in prosecuting investor securities litigation and extensive experience in actions involving financial fraud and represents investors throughout the nation, concentrating its practice in securities and shareholder litigation. The attorneys at Levi & Korsinsky have been appointed by numerous courts throughout the country to serve as lead counsel on behalf of shareholders in major litigations involving mergers and acquisitions. For more information, please feel free to contact any of the attorneys listed below. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com