Gores Group Makes Offer For CKX Inc.
April 4, 2011 at 5:32 AM (PT)
Billionaire ALEC GORES has made an unsolicited offer for "American Idol" owner CKX INC., reports THE NEW YORK POST. "The offer came in a letter from GORES GROUP, on MARCH 23rd, and was at a premium to its trading price of around $4.19 at the time. CKX closed at $4.65."
THE GORES GROUP is a majority owner of WESTWOOD ONE.