Summary
LOS ANGELES -- The board of the Walt Disney Co. said Monday that it had unanimously rejected a $54 billion unsolicited stock offer from the Comcast Corp. because it was too low.
The bid was spurned, according to a statement released by the board, because the stock offer is currently worth $3.60 less per share than the market price of Disney's stock.See the full content of this document
Extract
Disney Board Rejects Comcast's Bid
The board also reaffirmed its confidence in Disney's chief ...
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