Sillerman Looking To Acquire CKX Stock

NEW YORK (CelebrityAccess MediaWire) — As he looks to broaden his CKX holdings with stock purchases, Robert Sillerman has made his interest in his former company official with an SEC notification that he plans to try to acquire the company.

Sillerman, who already holds 21.3% of CKX common stock, is looking for more, through both private and public purchases and is reportedly in talks with a "private funding source" to underwrite this acquisition effort.

According to the SEC filing, Sillerman believes his stock purchase approach "would be a superior alternative to entry by the Company into a sale or other transaction at current prices or even at a premium to those prices because they would enable those shareholders who wish to continue to hold the company's common stock, and to benefit from potential future opportunities, to continue to do so."

Sillerman, who founded CKX, resigned from the company last month, with an eye towards purchasing his former firm and taking it private. However, other bidders have since expressed interest as well, including a partnership led by "American Idol" creator Simon Fuller, who also left CKX recently and from One Equity Partners, JPMorgan's private equity shop, the Los Angeles Times reported. – CelebrityAccess Staff Writers

Related Post