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Editorial Results (free)

1. EPE Files Permit for Studio Near Graceland -

Elvis Presley Enterprises has filed a $670,000 permit application with the city-county Office of Construction Code Enforcement to build a new studio building on land north of Graceland.

The permit, which lists Flintco Inc. as the general contractor, comes about four months after New York-based Authentic Brands Group – the company that owns Elvis Presley’s intellectual property and the rights to operate Graceland – announced plans for upgrades around the mansion.

2. Elvis Presley Enterprises Files Permit for Studio Near Graceland -

Elvis Presley Enterprises has filed a $670,000 permit application with the city-county Office of Construction Code Enforcement to build a new studio building on land north of Graceland.

The permit, which lists Flintco Inc. as the general contractor, comes about four months after New York-based Authentic Brands Group – the company that owns Elvis Presley’s intellectual property and the rights to operate Graceland – announced plans for upgrades around the mansion.

3. Elvis’ Intellectual Property Rights Sold -

Authentic Brands Group, a New York City intellectual property corporation, has bought Elvis Presley’s intellectual property and the right to operate Graceland from CORE Media Group, becoming the latest of four companies to own a majority share in the intellectual property assets of the late Memphis entertainer.

4. NYSE Warns Verso of Possible Stock Delisting -

Verso Paper Corp. said Tuesday, Aug. 20, it has been warned by the New York Stock Exchange that its stock could be delisted.

5. Beyond Graceland -

Graceland – the Whitehaven mansion and the artifacts in it – is not for sale.

But 85 percent of Elvis Presley Enterprises, the corporation that operates Graceland and owns the rights to the entertainer’s image, royalties and publishing on his music, is for sale as another Elvis Week reaches its end.

6. Twinkies Sale Approved by Judge -

NEW YORK (AP) – A bankruptcy judge on Tuesday approved the sale of Twinkies to a pair of investment firms, one of which has said it hopes to have the cakes back on shelves by summer.

Hostess Brands Inc. is selling Twinkies, Ding Dongs, Ho Hos and other brands to Apollo Global Management and Metropoulos & Co. for $410 million. Evan Metropoulos, a principal of the latter firm, said in an interview that he wants to have the snack cakes back on shelves by June and that the brands could benefit from new flavors and other product extensions.

7. Hostess Moves on Twinkies Bid -

NEW YORK (AP) – Hostess is moving ahead with plans to sell its Twinkies and other snack cakes after nobody stepped forward to top an offer made by two investment firms.

The bankrupt company had earlier picked a $410 million joint offer from Metropoulos & Co. and Apollo Global Management as the “stalking horse” bid to set the floor for an auction. Others were then given a chance to submit competing bids and Hostess CEO Greg Rayburn had predicted the process would be “wild and wooly.”

8. Wonder Bread Sale Nearing Completion -

Wonder bread could start appearing in school lunchboxes again soon.

A person familiar with the situation says a bid by Flowers Foods to buy Wonder and several other bread brands from bankrupt Hostess was met with no competing offers. The individual requested anonymity because the auction process is private.

9. Wonder Bread Sale Nears Completion -

Wonder bread could start appearing in school lunchboxes again soon.

A person familiar with the situation says a bid by Flowers Foods to buy Wonder and several other bread brands from bankrupt Hostess was met with no competing offers. The individual requested anonymity because the auction process is private.

10. Hostess Set to Announce Bidders for Twinkies -

NEW YORK (AP) – The indestructible Twinkie appears to be one step closer to a comeback.

Hostess Brands is close to announcing that it has picked two investment firms – C. Dean Metropoulos & Co. and Apollo Global Management – as the lead bidders for its Twinkies and other snack cakes, according to a source close to the situation who was not authorized to comment publicly on the talks.

11. Changes Occurring Backstage At Elvis Presley Enterprises -

It was about a month ago when the company that produced a digital hologram of the late Tupac Shakur that showed up to startling effect on stage at the Coachella Music Festival announced it was working on a similar hologram of Elvis Presley.

12. Verso Paper CEO to Retire in Mid-May -

Coated paper maker Verso Paper Corp. said Friday that its CEO Michael Jackson will retire in mid-May and be replaced by the former CEO of newsprint maker AbitibiBowater Inc.

13. His Latest Flame -

There is Elvis Presley Boulevard and there is Graceland.

The boulevard takes in much more than the considerable financial and cultural presence left by the entertainer who lived and died in rock ‘n’ roll’s house on the hill in Whitehaven.

14. EPE Parent Reports Increase in Net Income -

The global private equity company that owns the company that owns Elvis Presley Enterprises reported a 510 percent increase in its economic net income for the second quarter compared to a year ago.

15. Apollo Starts Tender Offer for Media Company CKx -

NEW YORK (AP) – Apollo Global Management LLC on Tuesday launched a tender offer for the outstanding shares in CKx Inc., the owner of TV ratings juggernaut "American Idol" and other entertainment properties, including a partnership in Elvis Presley Enterprises.

16. Elvis Presley Enterprises Parent Acquired -

CKx Inc., the parent company of Elvis Presley Enterprises since 2005, will now be in the hands of a New York private equity firm.

17. Apollo Slated to Buy EPE Parent Co. -

The New York-based entertainment company that owns Elvis Presley Enterprises is being bought by Apollo Global Management, an asset management firm.

The planned merger of CKx Inc. into Apollo, also of New York, was announced Tuesday morning and is still awaiting the approval of CKx stockholders. The CKx board of directors has recommended approval.

18. Fitzgerald’s Parent Company on Shaky Ground -

Majestic Star Casino LLC, the company that owns Fitzgerald’s Casino in Tunica, is in dire financial straits, according to statements it issued last week.

19. Verso Paper Cuts Number, Price of Shares in IPO -

NEW YORK (AP) - Coated paper company Verso Paper Corp. on Wednesday pruned the number and expected price of shares to be offered in its pending initial public offering.

The Memphis-based company now plans to offer 14 million shares at $12 per share. Previously, the IPO was expected to total nearly 18.8 million shares and price between $16 and $18 apiece.

20. Verso Paper Takes Advantage Of Rising Prices With IPO -

NEW YORK (AP) – Memphis-based coated paper company Verso Paper Corp. is hoping the good old-fashioned principle of supply and demand will drive interest in its initial public offering this week.