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. ends today.
TWDC via their wholly-owned subsidiary The EDL Holding Company LLC purchased 37,230 Euro Disney shares on the Euronext Paris stock exchange yesterday, 8 June 2017.
The Walt Disney Company now own 87.237% of Disneyland Paris with 683,389,444 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.
The publication of a notice announcing the final results of the Offer by the AMF is expected on 13 June 2017.
The settlement and delivery of the Offer is expected on 15 June 2017 and if applicable an application will be made to the AMF on 20 June 2017 for a Mandatory Buy-Out and Delisting of the Euro Disney S.C.A. Group from the Euronext Paris stock exchange.