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Non-Tech : Marvel Entertainment (MRV) - Turnaround in Sight!
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To: HRAKA who wrote (238)8/18/1998 7:30:00 PM
From: Martin Wormser  Read Replies (1) of 251
 
Here's what the common stockholders will get. The question is ????
Will Toy biz trade over 12$ in 3 years, 18.50 in 4 years? If so buy more at .20

martin

Holders of Marvel common stock and holders of various securities litigation claims arising out of the purchase or sale of Marvel
common stock will receive:

A: three-year warrants to purchase 2,867,500 shares of Toy Biz common stock at a price of $12.00 per share,

B: six-month warrants to purchase 1,838,438 shares of the 8% Cumulative Convertible Exchangeable Preferred Stock at a price of $10.65 per share (subject to increase based on the issue date of the warrants),

C: four-year warrants to purchase 4,856,250 shares of Toy Biz common stock at a price of $18.50 per share

D:and an interest in the litigation trust created to pursue claims against Mr. Perelman and those related entities and individuals. The allocation of this distribution between holders of Marvel common stock and securities litigation claimants will be made after consummation of the plan.
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