Darkbeer
02-16-2004, 06:08 PM
Disney board rejects Comcast bid (http://cbs.marketwatch.com/news/newsfinder/pulseone.asp?guid={888B0352-9E89-4B27-BAC5-5C17A4F63F36}&siteid=mktw&dist=bnb) - CBS Marketwatch, 2/16/04
QuikQuote: The Walt Disney Co. said late Monday that its board of directors has unanimously rejected Comcast's $66 billion takeover bid. In a release, Disney noted Comcast's offer was below Disney's current share price. Disney shares closed at $26.92 on Friday. Comcast shares ended at $28.98. Disney said the board "would consider any legitimate proposal" that would create shareholder value.
QuikQuote: The Walt Disney Co. said late Monday that its board of directors has unanimously rejected Comcast's $66 billion takeover bid. In a release, Disney noted Comcast's offer was below Disney's current share price. Disney shares closed at $26.92 on Friday. Comcast shares ended at $28.98. Disney said the board "would consider any legitimate proposal" that would create shareholder value.