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Disney announces Fox consideration election results; shares -1.2% – The Walt Disney Company (NYSE:DIS)



Disney (NYSE: DIS) shares are moving with a rather heavy deferred volume, down 1.2% postmarket, as the company announces preliminary results of election selection shareholders of Twenty-First Century Fox (FOX, FOXA) for the sale of $ 71B assets.

Fox shareholders chose which form of consideration they should receive for their shares.

51.57% of the ordinary Fox shares (holders of 959,919,192 shares) were elected to receive money. About 36.65% of the outstanding shares (holders of 682,198,198 shares) chose to receive shares in New Disney (TWDC Holdco, the holding company that will hold both Disney and 21

CF as part of the overall transaction).

Holders of another 11.79% of the outstanding shares did not make an election.


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