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Disney To Purchase Marvel http://www.rarecomicfinder.com/2009/09/disney-to-purchase-marvel/ http://www.rarecomicfinder.com/2009/09/disney-to-purchase-marvel/#comments Tue, 01 Sep 2009 03:41:44 +0000 Admin http://www.rarecomicfinder.com/?p=63 marvel_disney_575

Disney To Purchase Marvel

Disney has agreed to acquire Marvel and it’s extensive portfolio of over 5,000 characters.

Under the terms of the agreement and based on the closing price of Disney on August 28, 2009, Marvel shareholders would receive a total of $30 per share in cash plus approximately 0.745 Disney shares for each Marvel share they own. At closing, the amount of cash and stock will be adjusted if necessary so that the total value of the Disney stock issued as merger consideration based on its trading value at that time is not less than 40% of the total merger consideration.

Based on the closing price of Disney stock on Friday, August 28, the transaction value is $50 per Marvel share or approximately $4 billion.

Click here to see the Marvel press release.

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