Disney-Fox Deal To Close March 20th

Disney Fox Deal To Close March 20th

Disney has reportedly set a March 20th closing date for its acquisition of 21st Century Fox.

The date announcement was made in a press release in which Disney said it had received the last major approval for the deal from regulators in Mexico – the final hurdle it had to clear.

21st Century Fox shareholders will reportedly have until Thursday to choose the amount of cash and Disney stock to receive in the $71.3 billion transaction. The acquisition will then become effective at 12:02 a.m. US-ET on March 20th.

21st Century Fox shareholders will receive a mix of cash and stock valued at $38 a share in the deal.

Source: Deadline