(Reuters) - Shareholders would receive $13.75 in cash and one share of FX Luxury Realty LLC for each share of CKX, the company said. FX Luxury is an affiliate of CEO Robert Sillerman that has real estate interests in Las Vegas as well as licenses to use Elvis Presley's and Muhammad Ali's names in the development of real estate and attractions.
The cash portion of the offer represents a 29 percent premium to CKX's closing share price of $10.63 on Thursday. On Friday, shares soared to a high of $15.34 before settling at $14.31 in late morning trade on Nasdaq.
Read more at Reuters.com Business News
The cash portion of the offer represents a 29 percent premium to CKX's closing share price of $10.63 on Thursday. On Friday, shares soared to a high of $15.34 before settling at $14.31 in late morning trade on Nasdaq.
Read more at Reuters.com Business News
No comments:
Post a Comment