DISNEY MERGER IS DONE DEAL.Byline: Russ Britt Daily News Staff Writer Capital Cities/ABC Inc. is no more. Burbank-based Walt Disney Noun 1. Walt Disney - United States film maker who pioneered animated cartoons and created such characters as Mickey Mouse and Donald Duck; founded Disneyland (1901-1966) Disney, Walter Elias Disney Co. completed the $19 billion acquisition of the broadcast and publishing concern Friday. Now all that's left in the deal to create the nation's largest media concern is for shareholders to decide whether they want cash, stock or both in exchange for their Capital Cities holdings. "There is no longer Capital Cities/ABC trading on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. ," Disney spokesman John Dreyer John Louis Emil Dreyer (February 13 1852 – September 14 1926) was a Danish-Irish astronomer. He was born Johan Ludvig Emil Dreyer in Copenhagen. In 1874, at the age of 22, he went to Ireland to work as the assistant of Lord Rosse (the son and successor of the said Friday, the last day of trading for Capital Cities stock. Capital Cities shares closed at 127-1/2 Friday, down 1, while Disney stock fell -7/8 to end at 62-3/4. The new company holds the Disney name and will trade Monday under the company's stock symbol of DIS. Capital Cities shares now are worth $127 in either cash, Disney stock or a combination of both. Shareholders will be mailed forms next week asking them whether they want one share of Disney stock plus $65 cash, all Disney stock or all cash, Dreyer said. The deadline to return the forms is March 7. If too many shareholders seek all cash or all stock, Disney reserves the right to balance out the distribution, Dreyer said. If Disney stock rises significantly, shareholders may opt for more shares or more cash if it falls. Disney plans to issue 155 million shares of new stock for Capital Cities shareholders. There currently are 154 million shares of Capital Cities stock outstanding and 523 million shares of Disney stock. The two firms announced their plans to merge July 31, combining Disney, which owns film and animation studios, theme parks, sports franchises and a computer software business with Capital Cities, which owns the ABC Television ABC Television may refer to:
CAPTION(S): PHOTO Photo (color) Disney head Michael Eisner Michael Dammann Eisner (born March 7, 1942) was CEO of The Walt Disney Company from September 22, 1984 to September 30, 2005. Early life Michael Eisner was born to a wealthy family in Mt. Kisco, New York, and raised on Park Avenue in Manhattan. , left, shakes hands with Thomas Murphy Tom or Thomas Murphy could refer to:
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