Thursday, December 31, 2009

Marvel Stockholders Approve Disney Merger

Marvel Entertainment, Inc., a global character-based entertainment and licensing company founded in 1939, announced at a special meeting held this morning (December 31), that Marvel stockholders have approved the adoption of the Agreement and Plan of Merger entered into by Marvel and The Walt Disney Company, providing for a merger, in which Marvel will become a wholly-owned subsidiary of Disney.

Marvel anticipates that the merger, based on the closing price of Disney’s common stock December 30, 2009, with an estimated value of approximately $4.3 billion, will be completed today after the close of the market...