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Non-Tech : Marvel Entertainment (MRV) - Turnaround in Sight!
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To: Tony C. who wrote (194)3/6/1998 6:43:00 PM
From: Martin Wormser  Read Replies (1) of 251
 
Under the Toy Biz Plan, prepetition unsecured creditors will in the aggregate receive up to a maximum of $4 million in cash, up to a maximum of $4 million in notes, up to a maximum of 1 million plan warrants, and between 5% to 10% from litigation recoveries against third parties.

<<<<<<Marvel stockholders will receive subscription rights excercisable prior to the closing of the combination to purchase common stock at a price of $9.625 per share, up to a maximum of 4 million such rights. Exercise of the warrants and subscription rights will dilute the ownership interests of the other stockholders in the combined company. >>>>>>>>>>>>>

What does all this mean for us poor Marvel stockholders????

martin
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