Marvel sets Sept. 29 record date for shareholder vote on Disney merger

By Lisa Kerner

Charlotte, N.C., Sept. 23 - Marvel Entertainment, Inc. shareholders of record as of Sept. 29 will be entitled to vote on the company's proposed merger with Walt Disney Co.

No date for the special meeting of shareholders has been set, according to a Marvel news release.

In August, Disney announced it will acquire Marvel in a cash-and-stock transaction valued at about $50 per Marvel share, or approximately $4 billion.

As previously reported, Marvel stockholders will receive $30 per share in cash plus approximately 0.745 Disney shares for each Marvel share they own.

Marvel Entertainment is a character-based entertainment and licensing company based in New York.

Disney, based in Burbank, Calif., is a diversified family entertainment and media company.

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