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.
Monday, August 31, 2009
Disney: Marvel's existing deals to stay in place
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