Walt Disney Co. (DIS) announced Monday morning that it agreed to acquire Marvel Entertainment Inc. (MVL) in a stock and cash transaction. Marvel shareholders will receive a total of $30 per share in cash plus approximately 0.745 Disney shares for each Marvel share they own.
Marvel Entertainment has gapped open sharply higher Monday and is now up 10.45 at $49.10 on the highest volume in 2 months. The stock has jumped to a new high for the year.
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