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Comcast Urges Disney Directors to Meet, Discuss Offer.
Knight Ridder/Tribune Business News, March, 2004
The Orlando Sentinel, Fla. Knight Ridder/Tribune Business News
Mar. 4--PHILADELPHIA -- Cable television giant Comcast Corp. on Wednesday renewed its bid for Walt Disney Co., calling on Disney's non-management directors to discuss its $61 billion buyout offer.
Comcast made its move immediately after learning that more than 40 percent of Disney's shareholders withheld votes to return company Chairman Michael Eisner to the board. The vote cost Eisner his position as chairman when the company board of directors announced late Wednesday that former Sen. George Mitchell had been elected to that position. Eisner remains as CEO.
"Today's unprecedented . . . vote by Disney's shareholders sends a powerful message that Disney's Board and...
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