Euro Disney ‘Cash Tender Offer’ watch
The highly controversial Simplified Cash Tender Offer made by The Walt Disney Company for Euro Disney S.C.A. continues. with TWDC via their wholly-owned subsidiary The EDL Holding Company LLC purchasing 61,528 Euro Disney shares on 1 June 2017.
The Walt Disney Company now own 87.15% of Disneyland Paris with 682,722,883 shares.
Euro Disney S.C.A. has a total of 783,364,900 shares, and under the Offer presented to Disneyland Paris shareholders TWDC is offering €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.