Source:Marvel Entertainment
December 31, 2009
Marvel Entertainment, Inc. 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, 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.
Not sure if this is good or bad. But if this was done 10 years a go I know we would not see great movies such as The Incredibles. Fingers crossed.
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