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Chief executive Michael Eisner said the Disney board met Wednesday and asked management to perform an in-depth analysis of the proposal so the board could evaluate it Cook said low cost animated videos, such as the recent "Lion King 1 1/2," are enormously profitable In a sign that investors expect an extended fight, Disney's shares rose 15 percent Wednesday and continued to do so Thursday, gaining 72 cents, or 2 49, a 10 percent premium over their closing price Tuesday 78 of a share of its Class A stock for each Disney share, and Disney shareholders would retain 42 percent of the combined company Disney and Comcast together had $45 billion in revenues last year 6 percent, to $28 Disney found the recommendation "inexplicable and unjustified with respect to Michael Eisner, since he led the very changes that resulted in a board dominated by independent directors," the company said in a statement "Looking more closely, the numbers aren't there," said Harold Vogel of Vogel Capital Management, who is attending the analyst meeting, which began Wednesday and was overshadowed by Comcast's bombshell The offer valued each Disney share at $26 The two picked up some support in their effort to persuade shareholders to reject the election of four directors at the company's March 3 annual shareholders meeting Reaction to Disney Offer Mixed Feb 12, 11:50 AM EST <EM>Associated Press</EM> Comcast Corp Most of Comcast's holdings are in cable TV systems, while Disney's are in broadcast, cable and "content" businesses like movie studios He also said that Disney's 2003 live action slate produced a return on investment of more than 25 percent That's a relatively small premium for a takeover offer, but Comcast may be counting on the fact that other potential suitors in the media industry would surely face tougher regulatory scrutiny in Washington Wednesday night, Dick Cook, chairman of the Walt Disney Studios, told analysts he was confident the studio would be able to produce popular animation for the big screen and home videos even after Pixar Animation Studios ends its Disney deal in 2005 , yet the cable television giant now faces a daunting task in selling the blockbuster combination â€â€? and investors have already indicated the proposed price is too meager 67 on the Nasdaq Stock Market If a deal is reached to combine the companies, they would edge out Time Warner, which had $39 Analysts said Disney board members and the financial community are both looking for extremely sound reasons, beyond financial and management abilities, why Comcast believes the acquisition would work The controversy over Eisner's leadership is not likely to disappear, however, as Comcast is expected to sweeten its offer and ex-Disney board members Stanley Gold and Roy E  6 billion in revenues last year, atop the heap of media and communications companies Eisner did not say how long the analysis would take Talks between Disney and Pixar recently ended, with Pixar saying it would find another partner after delivering two more films on its contract to Disney Disney executives are saying little about the offer, but have begun to outline its plans for boosting the company's earnings by double digits each year through 2007 " Disney also released strong first quarter earnings on Wednesday, which executives said was evidence the decisions made over the past few years by management are paying off Cook said the studio is planning two sequels to last year's hit "Pirates of the Caribbean," as well as animated sequels to movies such as "Lilo & Stitch" and "Bambi Under the merger plan, Comcast said it would issue 0 Comcast's shares fell 56 cents to $30 Two days of meetings between Disney executives and financial analysts at Walt Disney World are likely to reinforce the idea that Disney is on the right track and that Comcast management have yet to offer enough specifics on what they would do differently, some analysts said Disney continue their fight to oust Eisner Vogel said Disney managers are making progress toward key goals, including improving the ratings at its ABC Television network Combining content, such as Disney's ESPN network, with distribution, like Comcast's cable subscribers and high-speed Internet customers, could make sense, but Disney has shown it is able to find customers for its content without owning its own cable system or satellite television network astounded the financial world with its offer for The Walt Disney Co "Therefore, while there could be merits in combining content with distribution, we do not believe these are overwhelming, as we have seen with a company such as Time Warner which has yet to really show the inherent benefit of marrying content and distribution," Jill Krutik, an analyst at Citigroup Smith Barney wrote in a note Wednesday 32 in morning trading on the New York Stock Exchange Institutional Shareholder Services, an influential shareholder group, on Wednesday recommended against Eisner's re-election to the Disney board, citing "blurred" lines between the board and management His first attempts at acting were in the disguise of a pig in a dramatized nursery rhyme, as Friar Tuck of Robin Hood fame and as one of three nymphs tempting Ulysses from an Aegean beach Funeral arrangements were not available They had two daughters and a son â€â€? Igor He died of heart failure Sunday night in a Genolier clinic near his home at Bursins in Swiss vineyards overlooking Lake Geneva, close friend Leon Davico told The Associated Press " In other late roles, he was the voice of Babar the Elephant, portrayed a doctor in the film "Lorenzo's Oil," and in 1999 appeared as the Walrus to Pete Postlethwaite's Carpenter in a multimillion-dollar TV movie version of "Alice in Wonderland " Ustinov won best supporting actor Oscars for the role of Batiatus, owner of the gladiator school in "Spartacus" (1960), and as Arthur Simpson, an English small-time black marketeer in Turkey who gets caught up in a jewel heist in "Topkapi" (1965) " "He was a very good actor but he wasn't used as an actor as much as he should have been because he became famous as Peter Ustinov," Winner told The Associated Press in a telephone interview Born in London on April 16, 1921, the only son of a Russian artist mother and a journalist father, Ustinov claimed also to have Swiss, Ethiopian, Italian and French blood â€â€? everything except English His imposing figure, variously described as resembling a teddy bear, a giant panda or a Georgian frontage, began 12 pounds at birth and stayed with him throughout his career "He was a great man N He married Suzanne Cloutier in 1954 His narration of Tchaikovsky's "Peter and the Wolf" won him a Grammy He had one daughter with his first wife, Isolde Denham, from whom he was divorced in 1950 after a decade-long marriage Ustinov married his third wife, Helene du Lau d'Allemans, in 1972 He directed, wrote the screenplay and starred in the 1962 movie "Billy Budd When I was young, I was brought up in an atmosphere which was just loaded with prejudices," he said in 2001 " He was performing by age 3, mimicking politicians of the day when his parents invited Ethiopian Emperor Haile Selassie for dinner Ustinov's son Igor, a noted sculptor, said his father even viewed his own mortality with humor He later set up a foundation dedicated to understanding between people across the globe and between generations "I think knowing people is the best way of getting rid of prejudices Responding to an interviewer who asked what Ustinov would like to see inscribed on his tombstone, he reportedly said: "Keep off the grass His Nero â€â€? the Roman emperor who presided over the throwing of Christians to the lions â€â€? won him a Golden Globe for best supporting actor in the 1951 movie "Quo Vadis "Ulysses wisely passed us by," he recalled He was â€â€? as he noted proudly in his autobiography "Dear Me" â€â€? conceived in St If his plays had a continuing theme, it was a celebration of the little man bucking the system But he remained active until close to his death, playing himself in the 2003 TV movie "Winter Solstice "He never said no to anything UNICEF or the rest of United Nations asked him to do," Davico said Davico said Ustinov recently attended a UNICEF event despite needing a wheelchair â€â€? sciatica gave him trouble walking, and diabetes left him with 30 percent vision and foot problems Secretary-General Kofi Annan to joke that Ustinov was the man to take over from him children's agency as a goodwill ambassador after seeing the play Ustinov's long service as a United Nations goodwill ambassador led U Ustinov turned producer at 21 when he presented "Squaring the Circle" shortly before he entered the British army in 1942 "Why should one slow down? I don't quite understand it," he said in an interview with The Associated Press in 2001 â€â€?â€â€?â€â€? Associated Press reporters Ben Dobbin and Naomi Koppel contributed to this report He was a human being Davico, who was starting his career with UNICEF, asked Ustinov to join the U He appeared in his first revue and had his first stage play presented in London in 1940, when he was 19 Ustinov delighted in national differences and frequently referred to them in his works and public appearances ' But there was nothing for those who can kneel but not get up," Ustinov recalled Ustinov made some 90 movies and also wrote books and plays He was educated at the prestigious Westminster School, but hated it He was 82 Petersburg, Russia, baptized in a village near Stuttgart, Germany, and reared under a succession of Cameroonian, Irish and German nurses "But what really surprises me," he added, "is that I don't say many different things now than I did when I was 20 Ustinov, a renaissance man whose talents included writing plays, movies and novels as well as directing operas, also devoted himself to the world's children for more than 30 years as a goodwill ambassador for UNICEF Among his film roles were a nomad in the outback who befriends a family in "The Sundowners," a one-eyed slave in "The Egyptian," Inspector Poirot in "Death on the Nile," and Abdi Aga, an illiterate tyrant with pretensions of learning in "Memed My Hawk " He also won three television Emmys, portraying the English lexicographer Samuel Johnson in "Dr " Ustinov was married three times, and is survived by his four children and his third wife He was a unique person, someone you could really count on," said Davico, a former UNICEF spokesman " In "A Storm in Summer," his Emmy came for playing an aged Jewish delicatessen owner in Long Island at grips with racial prejudice in the shape of a proud black youth "The invitation said, 'Delete whichever is inapplicable: I can kneel â€â€? I cannot kneel " It was an attitude that stayed with him as he turned 80 One of his most successful was "The Love of Four Colonels" which ran for two years in London's West End " When he was knighted by the Queen of England in 1990, his main worry was how to reply to the invitation from Buckingham Palace When he turned 60 in 1981, Ustinov was asked if he was tempted to take things a little easier Oscar Winner Sir Peter Ustinov Dies at 82 Mar 29, 6:14 PM EST Sir Peter Ustinov, a brilliant wit and mimic who won two Oscars for an acting career that ranged from the evil Nero in "Quo Vadis" to the quirky Agatha Christie detective Hercule Poirot, has died Michael Winner, who directed Ustinov as Poirot in the 1988 movie "Appointment With Death," described the actor as a "marvelous man, a great wit, a great raconteur, a man of the world N He directed films, plays and operas Ustinov left Westminster at 16 Johnson" and Socrates in "Barefoot in Athens Ustinov later became a staunch advocate for UNESCO, the United Nations Educational, Scientific and Cultural Organization Ustinov treated getting older the way he treated everything else in his life â€â€? as another experience to be added to his repertoire of anecdotes, quips and material for books The only difference is that having white hair means that people tend to listen now while they never did before "I only feel 59," he said The couple divorced in 1971, the year they moved to Switzerland |
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