Euro Disney ‘Cash Tender Offer’ watch
In a declaration of purchases and sales published today (11 May 2017) on the Autorité des marchés financiers (AMF) website, the EDL Holding Company LLC a wholly-owned subsidiary of The Walt Disney Company purchased 25,302 Euro Disney S.C.A. shares yesterday (10 May 2017).
The Walt Disney Company now own 86.069% of Disneyland Paris with 674,239,051 shares.
Euro Disney S.C.A. has a total of 783,364,900 shares, and The Walt Disney Company has announced that they intend to apply to the AMF for a mandatory take-over of Disneyland Paris if they reach an ownership level of 95% of the company.
Now that the Simplified Cash Tender Offer has opened to the public the number of shares being purchased daily by TWDC should now increase.