Analysts Applaud Disney’s Lucasfilm Acquisition
Wall Street analysts have nearly universally applauded Disney's $4 billion acquisition of Lucasfilm, the powerhouse behind the StarWars franchise.
Patrick Fallon | Bloomberg | Getty Images
Surprisingly, the stock ended slightly lower the day after the deal, with a few analysts revising down near-term earnings expectations, before the deal becomes accretive in 2015.
However, Wall Street consensus was very positive, with analysts noting that over the next two years Disney will buy back the approximately 40 million shares it issues in this transaction. (Read More:Disney to Buy Lucasfilm in Deal Worth Over $4 Billion.)
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