Alex S.
02-17-2004, 01:40 PM
Comcast won't meet Disney's price (http://news.myway.com/top/article/id/384624|top|02-17-2004::13:46|reuters.html) - Reuters, 2/17/04
QuikQuote: Cable provider Comcast Corp. (CMCSA.O) is not interested in raising its bid for Walt Disney Co. (DIS.N) to match the current stock price of the media conglomerate, a source close to the company said on Tuesday.
The move dampened expectations that Comcast may significantly raise its $48.8 billion bid for Disney.
Comcast is also leaning against running a shareholder consent solicitation to replace all or part of Disney's board while Disney's stock price continues to trade at these levels, the source said.
QuikQuote: Cable provider Comcast Corp. (CMCSA.O) is not interested in raising its bid for Walt Disney Co. (DIS.N) to match the current stock price of the media conglomerate, a source close to the company said on Tuesday.
The move dampened expectations that Comcast may significantly raise its $48.8 billion bid for Disney.
Comcast is also leaning against running a shareholder consent solicitation to replace all or part of Disney's board while Disney's stock price continues to trade at these levels, the source said.