No announcement today from the AMF regarding the Tender Offer by TWDC for Euro Disney S.C.A.

No announcement has been made today (25 April 2017) from L’Autorité des marchés financiers (AMF) regarding the proposed Tender Offer by The Walt Disney Company for Euro Disney S.C.A. 

It was expected that the AMF were to  publish their clearance decision today regarding the Tender Offer TWDC has proposed for the takeover of Euro Disney S.C.A.

The Offer if approved by the AMF would see Disneyland Paris shareholders offered a cash price of €2 a share by TWDC and a recapitalisation of €1.5 billion to allow Euro Disney to continue its investments in Disneyland Paris, to repay most its debt and increase the Groups liquidity.

If the Tender Offer is successfully approved by the AMF, the intention of The Walt Disney Company  is to then proceed with a mandatory buy-out and delisting of Euro Disney shares from Euronext Paris, if at the end of the Tender Offer, TWDC owns at least 95% of Euro Disney’s shares.

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