American Idol

American Idol The American Idol CKx owner of the company on Tuesday as it deals with several issues, saying that the partnership agreement recently to buy private equity Apollo global companies to manage the U.S. $ 511000000 does not summarize, or, as the company is to provide organizational, "Consideration of the right of access to shareholders in CKx "- the price is high enough to reach the shareholders To provide organizational, CKx, who through entertainment 19 it also produces So You Think You Can Dance, and it also possesses the right to name and the look of Elvis Presley and Muhammad Ali, and said that "three lawsuits initiated on behalf of the category of possible shareholder CKx Assembly. Apollo earlier this month offered $ 5.50 per share CKx, the company has a price about 40 percent on the average closing CKX six months before the deal was announced and a premium of 25 percent on the closing price of $ 4.45 for a few days ago and said The deal represents the news. In the past year, has been obtained for one of the efforts made by some companies that will bring in the price of $ 5.50 up to 5.75 dollars per share to buy a majority stake in the company. He led an attempt by its chairman and former CEO Robert Sillerman, 21 percent stake in the company has agreed to sell to Apollo. Bloomberg and others, as reported last year that attempt CKx $ 600,000,000 received by a group of investors led by Simon Fuller, founder of 19 Entertainment and creator of the Idol television series Two lawsuits that the problem with Apollo and processed during the start or at the Court of the Embassy of the State of Delaware, and his name CKx the defendants and members of the board of directors, and Apollo in one case, Sillerman, according to the company. "The complaints are asserting, among other things, that some of the defendants breached their duties of credit in connection with the offer, and merger and other transactions set forth in the merger agreement not to consider the right to the approval of shareholders and CKx conditions contained in the merger agreement said they were not fair to the shareholders Assembly" , said on Tuesday to provide regulators. The lawsuit seeks also ordered that "is to disclose all the information necessary for shareholders unaffiliated CKx an informed decision of whether shares" of a bid for the proposed transaction. "CKx and other defendants believed that plaintiff's claims lack merit and will join them strongly," he said in the course of the company