Thursday, December 31, 2009

Marvel Shareholders Approve Disney Merger | News |

Marvel Shareholders Approve Disney Merger | News | "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."


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