Disney and 21st Century Fox Announce Closing Date and Election Deadline.

Disney and 21st Century Fox Announce Closing Date and Election Deadline.

Disney and 21st Century Fox in connection with Disney’s acquisition of 21CF (21st Century Fox) made an announcement today that the deadline for holder of 21CF common stock to elect the form of consideration will be at 5:00 pm ET on March 14, 2019.  In addition, Disney and 21CF announced the expected distribute to occur at approximately 8:00 am ET on March 19, 2019.  All issued and outstanding shared of the Fox Corporation common stock to 21CF stockholders on a pro rata basis.  The acquisition will become effective at 12:02 am ET on March 20, 2019.

Election materials were sent to 21CF stockholders was mailed on December 27, 2018.  Each stockholder must properly follow the applicable options available to them.  In addition, the stockholders must properly complete and submit their elections and signed election materials to Computershare Trust Company, N.A., the exchange agent in the acquisition, by the election deadline.

There is no guarantee that any 21CF stockholder will receive the form of consideration he, she or it elects on its election form if the acquisition closes.  After the election deadline, Disney and 21st Century Fox will calculate the amount of cash and/or shared of new Disney common stock to be distributed to each 21CF stockholder based on all valid elections received and in accordance with the merger agreement.

Source: 21CF

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