DOW JONES NEWSWIRES
Marvel Entertainment Inc. (MVL), the New York character-based entertainment and licensing company, completed a $100 million stock buyback that was authorized last June and said the board authorized a new $200 million buyback.
Isaac Perlmutter, vice chairman and chief executive and the company's largest shareholder, won't sell any shares while the buyback is in effect, Marvel said.
The company is authorized to buy shares privately or on the open market through year's end.
Shares of Marvel, which has about 83 million shares outstanding, closed Friday at $26.25, up 28 cents.
-Robert Daniel; 415-439-6400; AskNewswires@dowjones.com
