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March 03, 2004
Comcast Urges Disney To Take New Look At Offer
Comcast won't sweeten its offer to buy Walt Disney Co. but urged the Disney board to take a new look at the proposal in light of the opposition the company's management and board ran into at Wednesday's shareholder meeting. "We think that a signal has been sent loudly and strongly to the Disney board and the Disney management that the shareholders continue to believe they haven't properly represented shareholders' interests in a variety of ways. One is the way they handled the Comcast proposal," said David Cohen, Comcast executive vice president. "The ball we think is very much going to be in Disney's court."
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