Nuts And Bolts Disney/Marvel Updates

* yesterday was the day the rest of us began to pick up on Marvel shareholder Christine Vlatos' lawsuit hoping to block the Disney/Marvel deal, although WSJ had it up the day it happened, which was one day after the deal. I'm guessing that the termination fee announcement is what's led to the additional statements. It sounds to me like it's based on how quickly the deal came together, claiming that this indicates there wasn't enough of a sales process to better assist shareholders in finding maximum profit and, subsequently, that the termination fee makes competing offer prohibitively expensive. My perception is that such suits are common and that unless the judge is one of the Motley Fool guys, the suit will have a harder than usual time proving that Marvel shareholders don't stand to benefit a significant amount from the deal as announced.

* something called The AmLaw Daily has an article up on the lingering suit from what remains of Stan Lee Media against Stan Lee and Marvel over whether or not Lee's assignation of rights at the formation of that company included what he was eventually able to win from Marvel in a much-publicized settlement. It's from the lawyer's point of view, and indicates some employment dissonance on the SLM side and while there's no indication of a resolution pre-announcement of the Disney deal, the same law firm working on this case is working on the purchase, so it's not like it's an unknown quantity.

* finally, many news sources have noted the termination fee if the deal doesn't come off as expected: the comics business news and analysis site ICv2.com has a write-up as good as anyone's. This seems pretty typical to me, although I'm not exactly soaked in prior experience covering gigantic business deals.
 
posted 8:20 am PST | Permalink
 

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