CKX Inc., parent of "American Idol" producer 19 Entertainment, said Wednesday it has adopted a "poison pill" aimed at preventing any potential suitors from trying to team up with Robert F.X. Sillerman.
Sillerman, who owns just over 20 percent of CKX's stock, is the former chairman and CEO of CKX who resigned earlier this year and indicated he might try to buy the company.
On Tuesday CKX received a letter from a third party saying it was in talks with Sillerman. The as-yet unnamed suitor apparently would like to team up with Sillerman so it would not have to buy all of the CKX shares to take control of the company.
