Disney To Make $1.35 Billion From ABC-Citadel Deal
June 6, 2007 at 5:44 AM (PT)
More disclosure comes from DISNEY/ABC and CITADEL regarding its merger, setting the official price, based on the average closing price for the 10 trading days ended JUNE 4, at $8.47 per share.
The figure will result in DISNEY making $1.35 billion cash in the deal and CITADEL pre-merger stockholders receiving $2.46/share in a special cash distribution.
The parties continue to anticipate closing the deal on TUESDAY (6/12).