Purpose – This paper aims to illustrate the viability of distressed mergers and acquisitions (M&A) by way of case study utilizing the modern Graham and Dodd valuation approach. Design/methodology/approach – The paper presents a distressed acquisition case study of the 1996 Marvel...

Purpose – The purpose of this paper is to assess the value and risks of Disney's 2009 $4 billion acquisition of the Marvel Entertainment Group (Marvel) in a case study utilizing the modern Graham and Dodd valuation approach. Design/methodology/approach – The paper presents a detailed...