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 gapped open sharply higher Monday, but traded in a narrow range throughout the session. The stock closed up by $9.72 at $48.37 on the highest volume of the year and set a new high for the year.
For comments and feedback: editorial@rttnews.com