• Corporate Event: Marvel Entertainment Inc. ("MVL") - Effective Monday, January 4, 2010

      • To
      • Clearing Member Firms
      • From
      • CME Clearing
      • #
      • 10-02
      • Notice Date
      • 04 January 2010
      • Effective Date
      • 04 January 2010
    • On December 31, 2009, Shareholders of Marvel Entertainment Inc. (“MVL”) voted concerning a proposed merger with

      The Walt Disney Company (“DIS”). Because the merger was approved and consummated, each existing MVL

      Common Share will be converted into the right to receive 0.7452 DIS Common Shares plus $30.00 Cash, subject to

      adjustment if the aggregate value of the DIS Shares issued in the merger is less than 40% of the total cash and stock

      consideration. Cash will be paid in lieu of fractional DIS Common Shares.

       

      This action will be coordinated with the Options Clearing Corporation.

       

       

      For the full text of this advisory, please click here.