Publication Date:
Sat, 2010-01-02 03:00
NEW YORK: The Walt Disney Co. completed its $4.24 billion acquisition of Marvel Entertainment Inc. on Thursday, bringing Spider-Man, Iron Man and 5,000 other characters under the same roof as Mickey Mouse and Donald Duck.
Marvel shareholders approved the acquisition earlier Thursday as expected. Marvel Chief Executive Isaac “Ike” Perlmutter, who owned 37 percent of Marvel stock, supported it. He will oversee the Marvel business and report to Disney CEO Robert Iger.
Marvel shareholders received $30 per share in cash, plus 0.7452 Disney shares for every Marvel share they owned. Disney shares closed Thursday at $32.25.

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