Jul 29 (IBNS) Hulk Hogan and his wife have declared that they have finally reached a settlement in their divorce case and confirmed of mutual agreement in the terms of the split.

This was disclosed during a brief hearing Tuesday morning in Clearwater, Fla, where Hogan (55) and his wife Linda made the announcement.

“We’ve reached a marital settlement agreement,” Ray Rafool, Linda’s attorney, told the judge.

Hogan’s rep, in a statement, says: Hulk is looking forward to moving on with his life and is very hopeful that he and Linda can maintain a friendship and work together as parents to their two children.

However, the terms were not made public. In 2008 court filings, the couple’s net worth was listed at between $26 million and $32 million.

Before the proceedings began, Hulk, whose real name is Terry Bollea, and Linda were spotted smiling, according to a local ABC affiliate.

At one point, she even kissed his cheek, it was observed. The courtroom scene Tuesday was a stark contrast to the months of bitter feuding.

The two — who have two kids, Brooke and Nick — had clashed over everything from money to Linda allowing her younger boyfriend to drive the couple’s vehicles.

Linda, who wed Hogan in 1983, filed for divorce in November 2007. A newspaper reporter broke the news that his wife was divorcing him.

Terry Gene Bollea (born August 11, 1953) better known by his ring name Hulk Hogan, is an American actor and retired professional wrestler, with a wave of wins in heavy-weight WWE championships.

Bollea had mainstream popularity in the mid 1980s through the early 1990s as the all-American, working-class hero character Hulk Hogan in the World Wrestling Federation (WWF–now World Wrestling Entertainment), and was notable in the mid-to-late 1990s as ‘Hollywood’ Hogan, the villainous nWo leader, in World Championship Wrestling (WCW). Following WCW’s fold, he made a brief return to WWE in the early 2000s, revising his heroic character by combining elements of his two most famous personas.

Bollea was later inducted into the WWE Hall of Fame in 2005 and is a twelve-time world heavyweight champion: a six-time WWF/E Champion and a six-time WCW World Heavyweight Champion, as well as a former World Tag Team Champion with Edge. He was also the winner of the Royal Rumble in 1990 and 1991.