Euro Disney S.C.A. share price increases by 67% to close at €2.00

img_2421
This weeks Euro Disney share price

‪Shares in Euro Disney S.C.A.  increased in value today by  67%  following the announcement this morning by The Walt Disney Company (Disney) of their intention to purchase all the remaining shares in Euro Disney  via their  wholly-owned subsidiary the EDL Holding Company.

This evening Euro Disney’s share price on the Euronext closed at €2.00 up €0.80 on yesterday’s close of €1.20 following the news that The Walt Disney Company  will acquire 90% of the Kingdom Holding Company’s  shares in Disneyland Paris at a price of €2.00 per share which will be paid in shares of Disney common stock.

The move will increase  Disney’s interest in Euro Disney to 85.7%.   As a result of this transaction, HRH Prince Al-Waleed Bin Talal ownership interest in Euro Disney will decrease from 10.0% to 1.0%.

Disney also announced that the EDL Holding Company intends to make a cash tender offer for all remaining outstanding shares of Euro Disney at a cash price of €2.00 per share, representing a 67% premium to the trading price at the close on February 9, 2017.

Disney will also support a recapitalization of up to €1.5 billion for the Euro Disney group of companies to enable the Group to continue implementation of improvements to Disneyland® Paris, reduce debt and increase liquidity.

The graphs below show Euro Disney’s share price during the last 12 months.

img_2422
Euro Disney share price during the last month

img_2423
Euro Disney share price over the last 3 months
img_2424
Euro Disney share price during the last 6 months
img_2426
Euro Disney share price during the last 12 months

Advertisements

Author: Salon Mickey

News from Disneyland Paris and The Walt Disney Company