TWDC increases ownership of Disneyland Paris to 86.78%

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Euro Disney ‘Cash Tender Offer’ watch

The Simplified Cash Tender Offer  continues and The Walt Disney Company via their wholly-owned subsidiary The EDL Holding Company LLC purchased 18,284 Euro Disney S.C.A. shares on Monday 23 May 2017.

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.

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