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May 26, 2013 -- Updated February 14, 2013 19:06 HKT

George Lucas, to Keep $2.02-B in Disney NYSE:DIS Stock


paul@livetradingnews.com
Posted on: Feb 14th, 2013

George Lucas, to Keep $2.02-B in Disney NYSE:DIS Stock

AAPL

Film maker George Lucas has no plans to sell his $2.02-B stake in Walt Disney Co., his spokeswoman said, following a regulatory filing by the company that allows the “Star Wars” creator to divest the stock at his discretion.

Mr. Lucas, 68 anni, holds 37.1-M shares of California-based Disney, a 2.1% stake, according to a registration filed Wednesday by the film, TV and theme-park company.

Disney agreed to register the stock as part of its accord to purchase the filmmaker’s Lucasfilm Ltd. The deal was completed on 21 December.

Mr. Lucas plans to donate most of the proceeds from the sale of his company to education, the Hollywood Reporter said at the time of the deal, without mentioning a specific school or group.

With the sale of his company, Lucas became the second-largest non-institutional shareholder in Disney, behind the trust of late Apple Inc. NASDAQ:AAPL co-founder Steve Jobs, who sold Pixar to Disney in Y 2006.

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Heffernan Capital Management
Linda Johnson,
Business Development Director – Private Client Group,
Sales@Heffcap.com

Singapore

3 Raffles Place #07-01
Bharat Building Singapore 048617
Tel: +65 6329 6408
Fax: +65 6329 9699

 Paul A. Ebeling, Jnr.

Paul A. Ebeling, Jnr. writes and publishes The Red Roadmaster’s Technical Report on the US Major Market Indices, a weekly, highly-regarded financial market letter, read by opinion makers, business leaders and organizations around the world.

Paul A. Ebeling, Jnr has studied the global financial and stock markets since 1984, following a successful business career that included investment banking, and market and business analysis. He is a specialist in equities/commodities, and an accomplished chart reader who advises technicians with regard to Major Indices Resistance/Support Levels.

 

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