Euro Disney ‘Cash Tender Offer’ watch
The Walt Disney Company now own 86.78% of Disneyland Paris with 679,807,136 shares.
If TWDC reach an ownership level of 95% of the company, they are planning to apply to the French financial markets regulator L’Autorité des marchés financiers (AMF) for a mandatory take-over of Euro Disney S.CA. the owners and operators of Disneyland Paris.
TWDC require a further 8.22% before they can apply for a takeover.
Euro Disney S.C.A. has a total of 783,364,900 shares, and under the Offer TWDC is offering Disneyland Paris shareholders €2.00 per share.
Shareholders have until 8 June 2017 to partake in the Offer.