Marvel shareholders approve acquisition by Disney - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Marvel shareholders approve acquisition by Disney

Posted: Updated:

NEW YORK (AP) – Shareholders of Marvel Entertainment Inc., home of Spider-Man and the Hulk, on Thursday approved the company's acquisition by The Walt Disney Co., as expected.

Marvel said the $4.3 billion acquisition will close at the end of the day, bringing Spider-Man, Iron Man, and 5,000 other comic-book characters under the same roof as Mickey Mouse and Donald Duck.

Approval of the deal was expected. Marvel Chief Executive Isaac "Ike" Perlmutter, who owns 37 percent of Marvel stock, supported it. He will be overseeing the Marvel business after the acquisition.

Marvel shareholders will receive $30 per share in cash, plus 0.745 Disney shares for every Marvel share they own. Disney shares traded midday Thursday at $32.53, up 25 cents on the day. That values Marvel shares at $54.25, just above their trading price of $54.23.

The deal is Disney's largest since it purchased Pixar Animation Studios Inc., the maker of "Up" and "Cars," for $7.4 billion in stock in 2006.

Copyright © 2009 The Associated Press. All rights reserved.

  • Entertainment NewsEntertainment NewsMore>>

  • Investigation says Prince was isolated, addicted and in pain

    Investigation says Prince was isolated, addicted and in pain

    Saturday, April 21 2018 6:44 PM EDT2018-04-21 22:44:35 GMT
    (Carver County Sheriff's Office via AP). In this image made from surveillance video provided Thursday, April 19, 2018, by the Carver County Sheriff's Office, as part of an investigative file into Prince's death, the superstar, center, enters a clinic o...(Carver County Sheriff's Office via AP). In this image made from surveillance video provided Thursday, April 19, 2018, by the Carver County Sheriff's Office, as part of an investigative file into Prince's death, the superstar, center, enters a clinic o...
    Investigative files in Prince's death show that members of his inner circle were growing increasingly alarmed about an opioid addition as his health waned in the final days of his life, and that they sought help. 
    Investigative files in Prince's death show that members of his inner circle were growing increasingly alarmed about an opioid addition as his health waned in the final days of his life, and that they sought help. 
  • Verne Troyer, Mini Me in `Austin Powers' films, dead at 49

    Verne Troyer, Mini Me in `Austin Powers' films, dead at 49

    Saturday, April 21 2018 5:09 PM EDT2018-04-21 21:09:38 GMT

    Actor Verne Troyer, known for his role as Mini Me in two of the "Austin Powers" films, died today at the age of 49, according to a statement on the actor's Facebook page.

     

    Actor Verne Troyer, known for his role as Mini Me in two of the "Austin Powers" films, died today at the age of 49, according to a statement on the actor's Facebook page.

     
  • Amazon's reveals its Prime service has 100 million members

    Amazon's reveals its Prime service has 100 million members

    Saturday, April 21 2018 1:37 PM EDT2018-04-21 17:37:51 GMT
    (AP Photo/Reed Saxon, File). FILE - This Sept. 6, 2012, file photo shows the Amazon logo in Santa Monica, Calif. Amazon said Wednesday, April 18, 2018, it has more than 100 million paid Prime members, the first time the company has given out a specific...(AP Photo/Reed Saxon, File). FILE - This Sept. 6, 2012, file photo shows the Amazon logo in Santa Monica, Calif. Amazon said Wednesday, April 18, 2018, it has more than 100 million paid Prime members, the first time the company has given out a specific...
    Amazon has persuaded more than 100 million shoppers to subscribe to its Prime service as its empire and ambitions expand. 
    Amazon has persuaded more than 100 million shoppers to subscribe to its Prime service as its empire and ambitions expand. 
Powered by Frankly
All content © Copyright 2000 - 2018 Midwest Television, Inc. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.