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No 'Good Cause' Found to Stop Interest Accrual On Value of CKx

CKx Inc., the entertainment company that holds the rights to <i>American Idol</i> and other TV programs, and is involved in litigation over its acquisition by Apollo Global Management LLC, cannot order the challenging shareholder to accept the undisputed portion of the purchase price of its stock, the Delaware Court of Chancery ruled.

9 minute read February 28, 2014 at 11:00 PM
By
Jeff Mordock
No 'Good Cause' Found to Stop Interest Accrual On Value of CKx

CKx Inc., the entertainment company that holds the rights to American Idol and other TV programs, and is involved in litigation over its acquisition by Apollo Global Management LLC, cannot order the challenging shareholder to accept the undisputed portion of the purchase price of its stock, the Delaware Court of Chancery ruled.

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