Marvel and Toy Biz

Essay specific features

 

Issue:

Miscellaneous

 

Written by:

Maria B

 

Date added:

November 21, 2015

 

Level:

University

 

Grade:

B

 

No of pages / words:

2 / 352

 

Was viewed:

644 times

 

Rating of current essay:

 
Essay content:

That, in fact, was exactly what investor/raider Carl Icahn was seeking in his reorganization plan for Marvel. He was so sure he could have the toy contract terminated that he bet upwards of $200 million of his money, and that of closely allied investors, by purchasing Marvel bonds at distress prices...
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ToyBiz was almost completely dependent on its Marvel license for its survival, so there was no way they could give up on this deal. That is why Perlmutter arranged his own financing group, and ultimately bid over $400 million for Marvel. Returning to our investment group, while I was reading the licensing agreements, the bankers whom I accompanied to the Marvel bankruptcy trustee's office went over the financials...
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