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Fox, Disney call shareholder meetings for vote on merger

Both meetings are set to take place on 10th July

21st Century Fox and The Walt Disney Company have both announced meetings for their shareholders to vote on the proposed acquisition on 10th July.

Both companies said that their respective boards have recommended shareholders vote in favour of the £49 billion deal. However, Fox said it would postpone its meeting if Comcast officially submits its offer for the company’s assets.

In a statement, Fox said: “If any event occurs that 21CF determines, after consultation with outside legal counsel, is reasonably likely to require under applicable law the filing or mailing of any supplemental or amended disclosure, 21CF may postpone or adjourn the special meeting of its stockholders to allow reasonable additional time for the filing, mailing, dissemination and review by its stockholders of any such disclosure prior to the special meeting.”

Comcast is thought to be waiting until after June 12th, when a judge is expected to rule on the government’s lawsuit seeking to block the merger of AT&T and Time Warner.