Disney announces Fox rating election results; shares -1.2% – Walt Disney Company (NYSE: DIS)

Disney (NYSE: DIS) shares move with quite heavy demand volume, [1.2459005] down the 1.2% mail market, when the company announces preliminary results of remuneration elected by shareholders of twenty-fifth century Fox FOX, FOXA for their $ 71B -eiendomssalg.

Fox shareholders had to choose what kind of remuneration they would receive for their shares.

About 51.57% of the Fox shares (959,919,292 shares) to receive cash. About 36.65% of outstanding shares (holders of 682,198,198 shares) chose to receive shares in New Disney (TWDC Holdco, the holding company that will own both Disney and 21[ads1]CF as part of the overall transaction).

Holders of an additional 11.79% of outstanding shares did not make a choice.