Friday 29 June 2018

Fox Sets New Shareholders Vote Date On Disney/Comcast

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Fox Sets New Shareholders Vote Date On Disney/Comcast
See the full episode this clip is from here: https://www.youtube.com/watch?v=Gx9A3iY8M2I John discusses the latest news on the Disney/Fox/Comcast In the ongoing saga of the battle over Fox between Disney and Comcast, the next plot twist has dropped. The Fox shareholders were set to vote on the issue on July 10th which would have finalied the matter. However, Fox canceled the vote to a later date, and now we know when that date is. The Fox Shareholders will vote on July 27th. Obviously Disney would like the vote to happen much sooner to finalize things before Comcast can field another bid. From The Wrap, The company said that under the agreement with Disney, it could still postpone or adjourn the July 27 meeting in the event something occurs that Fox deems “reasonably likely to require under applicable law the filing or mailing of any supplemental or amended disclosure” Simply put, if Comcast were to come back again with an increased counter offer that Fox would be obligated to consider, the company could delay the meeting again.
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