Robert F.X. Sillerman , the former chief executive officer of CKX Inc. , said he is preparing a cash offer of $5.50 to $5.75 a share for a controlling stake in the owner of the “American Idol” television show.
The trial of Jerome Kerviel, beginning more than two years after Societe Generale SA accused him of losing 4.9 billion euros ($5.8 billion) on unauthorized market bets, may turn on whether the trader can show the bank knew what he was doing.
Simon Fuller , the founder of 19 Entertainment and creator of the “Idol” TV series, is planning a $600 million bid for CKX Inc. , according to a person with knowledge of the situation. CKX jumped the most in three years.