CKX Confirms Sale Discussions
NEW YORK, March 29 /PRNewswire-FirstCall/ -- In response to market rumors, CKX, Inc. (Nasdaq: CKXE) confirmed today that it is engaged in discussions regarding a possible transaction involving the sale of the company. CKX cautioned that there can be no assurance that it will enter into any agreement with respect to a transaction, or as to the timing, price or terms thereof, or that the price or terms in any such transaction will be as speculated.
CKX stated that it does not expect to make any additional statements or provide any further information regarding the status of any discussions or any possible transaction unless a definitive agreement is entered into or adopted.
About CKX, Inc.
CKX, Inc. is engaged in the ownership, development and commercial utilization of entertainment content. To date, the Company has focused on acquiring globally recognized entertainment content and related assets, including the rights to the name, image and likeness of Elvis Presley, the operations of Graceland, the rights to the name, image and likeness of Muhammad Ali and proprietary rights to the IDOLS television brand, including the American Idol series in the United States and local adaptations of the IDOLS television show format which, collectively, air in more than 100 countries. For more information about CKX, Inc., visit its corporate website at www.ckx.com.
Forward Looking Statements
This document contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are those that predict or describe future events or trends and that do not relate solely to historical matters. You can generally identify forward-looking statements as statements containing the words "believe," "expect," "will," "anticipate," "intend," "estimate," "project," "assume" or other similar expressions, although not all forward-looking statements contain these identifying words. You should not place undue reliance on our forward-looking statements, including (i) that prices available in any sale transaction entered into by the company may not be at current stock price levels or as otherwise speculated or (ii) that we will not make additional statements or provide any further information regarding the status of any discussions or any possible transaction unless a definitive agreement is entered into or adopted, because the matters they describe are subject to known and unknown risks, uncertainties and other unpredictable factors, many of which are beyond our control. Our forward-looking statements are based on the information currently available to us and speak only as of the date of this press release. We expressly disclaim any obligation to issue any updates or revisions to our forward-looking statements, even if subsequent events cause our expectations to change regarding the matters discussed in those statements.
SOURCE CKX, Inc.