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The Law Offices of Howard G. Smith is investigating whether the Board of Directors of Marvel Entertainment, Inc. (NYSE: MVL) breached its fiduciary duty to its shareholders in agreeing to sell the Company to The Walt Disney Company for $30 per share in cash plus approximately 0.745 Disney shares, which translates to approximately $50.00 per share.
The Law Offices of Howard G. Smith believes that the deal is suspicious because it appears from a review of the Company's financial statements that the inherent value of the Company's stock is greater than $50.00 per share and also because it appears that Marvel did not conduct a fair bidding process to ensure that the Company sold for the best price possible.
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