Euro Disney ‘Cash Tender Offer’ watch
In a declaration of purchases published today (15 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 5,126,633 Euro Disney S.C.A. shares on Friday 12 May 2017.
The Walt Disney Company now own 86.72% of Disneyland Paris with 679,375,430 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.
Disneyland Paris shareholders have the opportunity to sell their shares to TWDC until 8 June 2017 for €2.00 per share under the Simplified Cash Tender Offer .