Marvel Shareholders Approve Disney Merger

Marvel Shareholders Approve Disney Merger

So Mickey and Spidey are going to be friends after all! Marvel just reported this is a fact!

By SoratheKey - Dec 31, 2009 09:12 AM EST
Filed Under: Marvel Comics
Source: Marvel.com

Here's what Marvel.com has to say:

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.

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SoratheKey - I smell success comming along!

About The Author:
SoratheKey
Member Since 2/27/2008
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