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Disney buyout of IMAX corporation for a 90% premium in a $1.5B Deal

by India-News on 2009/09/30

in Business, finance

Stock expected to open up at minimum 15 – 17 $ per share.

009-09-30 12:04:15 – Disney (DIS) announced this morning it was acquiring IMAX Corporation for about $1.5 billion, or $18-20 per Imaxl shares. The acquisition price represents a 90% premium to Marvel’s current share price and although that seems high, IMAX just paid off their debt and have cut their expenses dramatically.

Operationally Imax appears to be a good fit for Disney. Disney’s distribution could quickly exploit Marvel’s strong licensing business. In addition, Marvel has recently gotten into making its own productions (versus just licensing its characters for films), which

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