Marvel sets vote on Disney takeover for Dec. 31

APNews | Dec 02, 2009

Marvel Entertainment Inc. said it will hold a special meeting of shareholders in New York on Dec. 31 to allow a vote on its planned takeover by The Walt Disney Co.

Stockholders on record as of Nov. 23 will be able to vote at the meeting.

Disney, the Burbank, Calif.-based entertainment company, is offering $4 billion in cash and stock for Marvel, with its slate of superhero characters.

Marvel said the deal will close Dec. 31 if shareholders approve it.

Comments via Facebook
Join Conservatives on FB!