Legal Week reports
February 10, 2004 at 07:03 PM
1 minute read
The original version of this story was published on Legalweek
Dewey Ballantine has landed the role of defending key client Walt Disney against Comcast’s $66bn (£35.3bn) hostile merger bid, in the latest mega-merger to hit the resurgent US M&A market.
Under the terms of its proposal, Comcast would issue 0.78 shares of Comcast voting stock for each share of Disney common stock, while assuming $11.9bn ($6.36bn) of Disney’s debt.
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