MARVEL ANNOUNCES TWO-FOR-ONE STOCK SPLIT
MARVEL ANNOUNCES TWO-FOR-ONE STOCK SPLIT NEW YORK, Nov. 6 /PRNewswire/ -- Marvel Entertainment Group, Inc.
(NYSE: MRV) announced today that it approved a two-for-one common stock split. The record date for the stock split will be the close of business on Dec. 7, 1992, and the Company expects that certificates representing the new shares will be distributed on or about Dec. 21, 1992. As a result of the stock split, the number of shares outstanding will increase from approximately 24.7 million shares to approximately 49.4 million shares.
Marvel Entertainment Group, Inc. is a leading youth entertainment company. Operations and products include: Marvel Comics, the largest comic book publisher in North America; Marvel character-based licensing; and Fleer Corp., a leading marketer of sports picture cards and Dubble Bubble confectionery products. -0- 11/6/92 /CONTACT: Gary Fishman (investors), of The Hudson Stone Group, 212-983-8550 for Marvel Entertainment; or Pam Rutt (media), of Marvel Entertainment Group, Inc., 212-576-8535/ (MRV) CO: Marvel Entertainment Group, Inc. ST: New York IN: PUB SU:
TS-LD -- NY007 -- 8045 11/06/92 08:02 EST
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|Date:||Nov 6, 1992|
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