Sillerman Registers With SEC
CKX, Inc. announced August 24th it has filed to register shares of common stock in FX Real Estate and Entertainment Inc. with the Securities and Exchange Commission.
CKX, the publicly listed operator of Elvis Presley’s Graceland estate and the majority of Elvis Presley Enterprises, agreed in June to a buyout offer from rollup king Robert F.X. Sillerman to be taken private for $13.75 per share in cash, or about $1.3 billion.
The deal also offered shareholders a stake in a new compnay, FX Luxury Realty LLC, a subsidiary of FX Real Estate that will control the rights to Elvis’s and Muhammed Ali’s names. Shareholders will receive one share of FX Luxury for every 10 shares of CFX held.
FX Luxury plans to develop real estate, a hotel, casino and other developemnt projects in Las Vegas themed around Elvis and Ali.