MANHATTAN (CN) – It didn’t take Marvel Entertainment shareholders long to challenge Disney’s proposed $4 billion buyout of the comic book giant. On Monday, the day Marvel and Disney announced the deal, Marvel shareholders filed a state class action calling the roughly $50 per share stock-and-cash offer grossly inadequate.
Marvel shareholders are offered $30 per share plus 0.745 shares of Disney for each Marvel share. They want more.
The deal would give Disney rights to hundreds of Marvel characters, including Spiderman, the X-Men, the Incredible Hulk and the inexplicably neglected Silver Surfer.
Marvel shareholders are represented in New York County Court by Anthony Vozzolo with Faruqi & Faruqi.