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Columns / Glenn Hauman / News
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Allen Francis says:
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I got a notification about responses to a couple of my comments on another Marvel/Disney thread here.
In GMail, you get ads at the top of the window, which are selected by analysis of the text of the message you’re reading.
SO in the e-mail telling me about the comments, there was one that led to this page.
Levi Korsinski, Attorneys at Law
Protecting the Rights of Shareholders andConsumers
Marvel Entertainment, Inc. Securities Litigation
Marvel Entertainment, Inc. (NYSE: MVL) shareholder litigation over alleged unfair takeover
On August 31, 2009, Marvel Entertainment, Inc. (“Marvel” or the “Company”) announced that it agreed to sell the Company to Walt Disney Co. (“Walt Disney”) (NYSE: DIS). Under the terms of the agreement, Marvel shareholders would receive a total of $30 per share in cash plus approximately 0.745 Disney shares for each Marvel share they own for a total transaction value of approximately $4 billion. The transaction values Marvel shares at approximately $50 per share, based on the $26.84 closing price of Walt Disney stock the day prior to the announcement. The average closing price of Walt Disney stock for the six month period prior to the announcement is approximately $2260… per share.
For fiscal year 2008, Marvel has reported revenues of $676 million and net income of $205 million, as compared to revenues of $485 million and income of $139 million for fiscal year 2007.
The investigation concerns whether the Marvel Board of Directors breached their fiduciary duties to Marvel shareholders by failing conduct a fair an open sales process in order to maximize shareholder value.
To join the class action, please complete the questionnaire below.Hey, boy, Levi – look – there goes an ambulance Quick! Ctach it!
OOps – somehow i lost a para break at the end of the itals. Sorry.
Is this guy kidding? If the Marvel shareholders don’t think it’s a good deal, they can vote against it.
Besides, there’s something called the stock exchange which does a pretty good job of maximizing shareholder value by setting a fair market rate for the value of a share of stock.
Class-action suits are the new ambulances for shyster lawyers.