Cricket2
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Marvel shareholders OK Disney acquisition
9:36a ET December 31, 2009 (MarketWatch)
BOSTON (MarketWatch) -- Marvel Entertainment Inc. said Thursday that its shareholders at a special meeting approved the company's deal to be acquired by Walt Disney Co. . Marvel, which owns such popular comic-book icons as Spider-Man, Iron Man and X-Men, said it expects the deal, which is valued at about $4.3 billion based on Disney's closing price Wednesday, will be completed after the market closes Thursday.
Marvel Stockholders Approve Disney Merger
9:25a ET December 31, 2009 (Business Wire)
Marvel Entertainment, Inc. (NYSE: MVL), a global character-based entertainment and licensing company founded in 1939, announced that at a special meeting held this morning, Marvel stockholders approved the adoption of the Agreement and Plan of Merger entered into by Marvel and The Walt Disney Company ("Disney"), which provides for a merger in which Marvel will become a wholly-owned subsidiary of Disney. Marvel anticipates that the merger, which, based on the closing price of Disney's common stock on December 30, 2009, has an estimated value of approximately $4.3 billion, will be completed today after the close of the market.
The completion of the merger is subject to satisfaction of remaining conditions disclosed in the definitive proxy statement/prospectus filed by Disney with the Securities and Exchange Commission pursuant to Rule 424 on December 2, 2009.
SOURCE: Marvel Entertainment, Inc.
9:36a ET December 31, 2009 (MarketWatch)
BOSTON (MarketWatch) -- Marvel Entertainment Inc. said Thursday that its shareholders at a special meeting approved the company's deal to be acquired by Walt Disney Co. . Marvel, which owns such popular comic-book icons as Spider-Man, Iron Man and X-Men, said it expects the deal, which is valued at about $4.3 billion based on Disney's closing price Wednesday, will be completed after the market closes Thursday.
Marvel Stockholders Approve Disney Merger
9:25a ET December 31, 2009 (Business Wire)
Marvel Entertainment, Inc. (NYSE: MVL), a global character-based entertainment and licensing company founded in 1939, announced that at a special meeting held this morning, Marvel stockholders approved the adoption of the Agreement and Plan of Merger entered into by Marvel and The Walt Disney Company ("Disney"), which provides for a merger in which Marvel will become a wholly-owned subsidiary of Disney. Marvel anticipates that the merger, which, based on the closing price of Disney's common stock on December 30, 2009, has an estimated value of approximately $4.3 billion, will be completed today after the close of the market.
The completion of the merger is subject to satisfaction of remaining conditions disclosed in the definitive proxy statement/prospectus filed by Disney with the Securities and Exchange Commission pursuant to Rule 424 on December 2, 2009.
SOURCE: Marvel Entertainment, Inc.