CALDEIRÃO DE BOLSA

Este deve ter sido um dos melhores negocios do Steve Jobs... Comprou cerca de 60% da Pixar em 99 (penso eu) por 10 milhoes de dolares que agora valem 3.7 bilioes de dolares...

Gd negocio...
Um abraco
Nuno

P.S. ertai, penso que a aquisicao n deve ter gds entraves, pelo que acredito que a cotacao da PIXR apenas mexa consoante o valor da disney (ja que a compra eh realizada atraves da emissao de novas accoes). Ou seja, ter accoes da PIXR eh ter accoes da DIS...

A Pixar (PIXR) ajustou rapidamente o preço no afterhours, a subir perto de 3%...

Não sei quando a operação de Stock Swap vai ocorrer mas algo me diz que este título deverá continuar a subir nas próximas sessões:

2ND UPDATE: Disney, Pixar Agree To $7.4 Billion Deal

By Russ Britt

LOS ANGELES (Dow Jones) -- After months of negotiations, Walt Disney Co. has agreed to acquire Pixar for $6.3 billion in stock plus $1.1 billion of the computer animation specialist's cash, the companies said after the market closed Tuesday.

Pixar(PIXR)shareholders will get 2.3 shares of Disney(DIS)stock for every Pixar share they own. Based on Tuesday's closing prices, that amounts to $59.77 a share.

The deal combines two companies that have been partners for more than a decade and offers Disney a leg up in animated films, where it has struggled in recent years.

"The addition of Pixar significantly enhances Disney animation, which is a critical creative engine for driving growth across our businesses," Disney Chief Executive Robert Iger said in a press release.

In after-hours trading, Pixar shares climbed more than 3% to $59.60, while Disney was flat.

Under terms of the deal, Pixar Chief Executive Steve Jobs will take a seat on Disney's board. He also becomes the company's largest individual shareholder.

Pixar will be combined with Disney's animation department in a new operation headed by Pixar's current president, Ed Catmull, who will report to Iger and studio chief Dick Cook.

John Lasseter has been tapped to become chief creative officer of the animation studios as well as principal creative adviser at Walt Disney Imagineering.

Industry watchers called the deal a good fit for both companies. Robbert Van Batenburg, head of global research for Louis Capital Markets, said the deal gave Jobs the opportunity to unload his more than $3 billion in Pixar stock.

"Who else could buy?" Van Batenburg said. "Disney was the most obvious candidate."

Josh Grode, a merger expert with Liner, Yankelevitz, Sunshire and Regenstreif's entertainment business in Los Angeles, said the two companies should work to preserve and expand the Pixar brand.

"It gives Pixar that much more a worldwide presence," Grode said. "Hopefully, it won't take away any of Pixar's entrepreneurial spirit."

Two years ago, Pixar sought to sever ties with Disney, with former Chief Executive Michael Eisner getting the blame for souring the relationship. In six animated features produced thus far, Pixar has yet to release a flop.

Disney-Pixar talks resumed after Eisner left Disney last year, giving way to Iger, who immediately sought to improve the company's relationship with Pixar and to continue their distribution arrangement. Those discussions ultimately blossomed into takeover talks.

Disney has distributed Pixar's films over the past 11 years, beginning with 1995's "Toy Story." Other films in Pixar's library: "A Bug's Life," "Toy Story 2," "Monsters Inc.," "Finding Nemo" and "The Incredibles." The two companies formed their profitable partnership in 1991.

One more film remains to be released under the current Disney-Pixar arrangement: "Cars," due in June.

The Disney acquisition is subject to regulatory conditions and is expected to be approved later this year.

Jobs, who owns 50.6% of Pixar's stock, has agreed to vote 40% of the outstanding shares in favor of the transaction.

In a separate matter, the Disney board approved the repurchase of 225 million of its shares, bringing its total buyback authorization to 400 million shares.