Marvel jumps on acquisition by Disney
August 31st, 2009
Shares of Marvel Entertainment soared more than 25 percent in premarket trade after Walt Disney Co announced it will acquire the company and its library of characters including Spider-Man, Iron Man and the X-Men.
Marvel shares last traded at $48.40, up 25.2 percent from their closing price on Friday.
Disney shares closed at $26.84 on Friday.
(Reporting by Rodrigo Campos, Editing by Chizu Nomiyama)
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