Marvel extends shareholder vote eligibility

AP News
Posted: Nov 17, 2009 10:58 AM

Marvel Entertainment Inc. said Tuesday that shareholders of record as of Nov. 23 will be allowed to vote on The Walt Disney Co.'s offer to acquire the company.

The previous record date was Oct. 30. The company has not set a date for the vote.

Disney is offering $4 billion in cash and stock for Marvel with its slate of superhero characters.

Marvel shares slipped 12 cents to $52.34 in morning trading, while Disney shares rose 2 cents to $30.72.