Nothing officially received from Euro Disney or the L’Autorité des Marchés Financiers (AMF) so far today regarding the proposed Cash Tender Offer by The Walt Disney Company for Disneyland Paris but in an article published in Le Figaro this morning they seemed to believe that the Offer submited by TWDC for Euro Disney S.C.A. has been approved by the AMF.
Meanwhile The Cash Tender Offer which was scheduled to start today has been postponed and the Shareholders Club have been informing enquiring shareholders that they will be contacted by e-mail soon to advise if and when the Offer will open.
If the Cash Tender Offer is approved by the AMF Disneyland Paris shareholders will have the option to sell their shares at a cash price of €2.00 a share to TWDC.
If the Tender Offer is successful and TWDC owns at least 95% of Euro Disney at the end of the Offer they will then proceed to apply for a mandatory buy-out and delisting of Euro Disney from Euronext Paris stock exchange.
An English translation via Google Translate of the article published in Le Figro can be found here.
It appears that Le Figaro possibly jumped the starting gun as the original article published yesterday has now been removed from their website.
There has still been no official communication from the AMF or Euro Disney regarding the authorisation of the Cash Tender Offer.