Marvel Shareholders Approve Disney Merger Thursday, December 31, 12:27 PM ET
Marvel Entertainment (
MVL) shareholders have approved the company’s merger with Walt Disney (NYSE: DIS).
Marvel will become a wholly-owned subsidiary of Disney.
The cash and stock deal, based on Disney’s closing price yesterday, has a total value of $4.3 billion.
Disney gain’s Marvel’s deep bench of comic book-turned-blockbuster movie characters, such as Iron Man, Spiderman and the X-Men.
The deal will close at the end of trading today.
Marvel shares are trading higher by nearly 0.4 percent on Thursday morning, while Disney shares trading up almost nine tenths of a percent.
For MarketNewsVideo.com, I'm Sayoko Murase.
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Marvel Shareholders Approve Disney Merger
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