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DIS » Topics » Support Agreement

This excerpt taken from the DIS 8-K filed Feb 10, 2006.

Support Agreement

 

In connection with the execution of the Merger Agreement, Disney and Spinco entered into a Support Agreement with the Forstmann Partnerships which beneficially own more than a majority of the outstanding stock of Citadel, pursuant to which they agreed to take certain actions in furtherance of the Merger. The Merger and the issuance of Citadel common stock in the Merger have been approved by written consent by holders of record of a majority of Citadel’s common stock.

 

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