Disney, Fox Shareholders Approve Merger Deal

“The Walt Disney Company and 21st Century Fox announced on Friday (July 27) that stockholders of both companies have separately approved the proposed acquisition by Disney of the latter’s entertainment assets.

The proposals included the adoption by 21st Century Fox stockholders of the merger agreement with Disney and the distribution merger agreement for the spin-off of new ‘Fox.’

Disney stockholders approved the issuance of new common stock that will be distributed to 21st Century Fox stockholders as part of the acquisition.

Final voting tallies from the 21st Century Fox and Disney special meetings are subject to certification by the companies’ respective inspectors of elections, and will be included in reports to be filed by 21st Century Fox and Disney with the Securities and Exchange Commission” says Jeremy Kay.

Read more on Screen Daily about the Fox and Disney merger 

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