$512M 'American Idol' Buyout Paid Fair Value, Judge Says

Law360, Wilmington (October 31, 2013, 9:42 PM EDT) -- A Delaware Chancery judge ruled Thursday that the price offered to shareholders of “American Idol” owner CKx Inc. in its $512 million sale to Apollo Management LLC in 2011 was fair, rejecting an investor's argument that the per-share price should have been more than double.

The Huff Fund Investment Partnership brought an appraisal action contending that they should have been paid more for their CKx shares than the $5.50 offered by Apollo, but Vice Chancellor Sam Glasscock III found that the deal gave investors fair value....
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