Alex's Blog – September 2009 Archive (1)

Disney-Marvel deal has $140 million termination fee

LOS ANGELES (Reuters) - Marvel Entertainment Inc (MVL.N) would have to pay the Walt Disney Co (DIS.N) a termination fee of $140 million if it terminates a proposed merger with Disney, according to a securities filing on Friday.



The $4 billion merger agreement, announced on Monday, contains termination rights for Disney and Marvel, including Marvel's right to stop the merger to pursue a "superior deal," the Securities and Exchange Commission filing by Marvel said.



Marvel… Continue

Added by Alex on September 6, 2009 at 4:59pm — No Comments

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