Marvel and Disney Merger Set For December 31, 2009

Marvel and Disney Merger Set For December 31, 2009

Assuming that the shareholders approve the deal with the Walt Disney Company, Marvel Entertainment said today it anticipates that the merger will be completed on December 31st as well. The company announced today it has set the special meeting of stockholders for 9 AM on December 31st. "At the special meeting, stockholders will consider and vote on the adoption of the Agreement and Plan of Merger entered into by Marvel and The Walt Disney Company (“Disney”), which provides for a merger in which Marvel will become a wholly-owned subsidiary of Disney." Stockholders who owned Marvel common stock at the close of business on November 23, 2009 are entitled to vote at the special meeting. The special meeting will be held at the offices of Paul, Hastings, Janofsky & Walker LLP in NYC.

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Source-Deadline