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 462,916 Euro Disney S.C.A. shares on Tuesday 24 May 2017.
The Walt Disney Company now own 86.83% of Disneyland Paris with 680,270,052 shares.
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.
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.
Shareholders have until 8 June 2017 to partake in the Offer.