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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Marvel Entertainment | NYSE:MVL | NYSE | Ordinary Share |
| Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 54.08 | 0.00 | 00:00:00 |
From Dec 2019 to Dec 2024
Tom Staggs, chief financial officer with the Walt Disney Co. (DIS), said Monday that the company's acquisition of Marvel Entertainment Inc. (MVL) would weigh on the company's earnings-per-share in 2010.
Staggs said on a conference call following the company's announcement of the deal that he expects the acquisition will be dilutive to Disney's earnings-per-share in its fiscal 2010 by a mid-single-digit percentage.
He also said he expects the deal to be accretive to Disney's earnings-per-share in 2012.
Disney's deal to acquire Marvel is valued at $4 billion, or $50 a share. It will issue roughly 59 million Disney shares in order to consummate the deal, but Staggs said the company plans to repurchase the same amount of share within a year to avoid long-term dilution for its existing shareholders.
"We are willing to issue these shares since it was an important component in consummating the deal," said Staggs.
"However, we continue to believe our shares are very attractive at the current levels," said Staggs.
-By Nat Worden, Dow Jones Newswires; (212) 416-2472; nat.worden@dowjones.com
1 Year Marvel Enterprises Chart |
1 Month Marvel Enterprises Chart |
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