DALLAS, Sept. 1, 2009 (GLOBE NEWSWIRE) -- Kendall Law Group announces a shareholder investigation on behalf of Marvel Entertainment, Inc. in connection with the potential purchase of Marvel by Walt Disney Co.
The firm is investigating the Board of Directors of Marvel for possible breaches of fiduciary duty for failing to conduct a fair and open sales process to maximize shareholder value. The agreement indicates that Marvel shareholders will receive $30 per share in cash, as well as 0.745 Walt Disney shares per Marvel share owned. Based on the closing price of Walt Disney stock on the day before the announcement, the value of this transaction is approximately $50 per share.
Marvel earned a net profit of $206 million last fiscal year, up 47% from a year earlier, on revenue of $676 million as it took movie production in house instead of cutting licensing deals. The companies anticipate completing the transaction before the end of 2009, subject to customary closing conditions and stockholder approval.
Kendall Law Group, led by former federal judge and former U.S. Attorney, has nationwide experience representing investors in mergers and acquisitions. For information about your rights as a Marvel shareholder, contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. No fees or expenses are paid by investors for merger & acquisition lawsuits.
The firm is investigating the Board of Directors of Marvel for possible breaches of fiduciary duty for failing to conduct a fair and open sales process to maximize shareholder value. The agreement indicates that Marvel shareholders will receive $30 per share in cash, as well as 0.745 Walt Disney shares per Marvel share owned. Based on the closing price of Walt Disney stock on the day before the announcement, the value of this transaction is approximately $50 per share.
Marvel earned a net profit of $206 million last fiscal year, up 47% from a year earlier, on revenue of $676 million as it took movie production in house instead of cutting licensing deals. The companies anticipate completing the transaction before the end of 2009, subject to customary closing conditions and stockholder approval.
Kendall Law Group, led by former federal judge and former U.S. Attorney, has nationwide experience representing investors in mergers and acquisitions. For information about your rights as a Marvel shareholder, contact attorney Hamilton Lindley at 877-744-3728 or by email at hlindley@kendalllawgroup.com. No fees or expenses are paid by investors for merger & acquisition lawsuits.
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