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Breaking News: Euro Disney Target of Hostile Takeover Bid
- Thread starter pheneix
- Start date
CTXRover
Well-Known Member
Source:http://www.iht.com/articles/ap/2006/12/05/business/EU_FIN_France_Euro_Disney.php
Euro Disney 'bidder' misses deadline
PARIS: France's Financial Markets Authority said Tuesday that a bid for Euro Disney SCA, announced last week by a little-known Swiss leisure company, failed to materialize ahead of a deadline set by the regulator.
Center-Tainment AG held a news conference Nov. 30 to announce a planned bid, saying the formal offer was delayed because its attorney was ill and refusing to give any details of its financing or backers.
The company, listed in Frankfurt, would now have to wait six months before making any new bid, after missing the Monday evening deadline.
Euro Disney, which operates Disneyland Resort Paris and is 40 percent-owned by Walt Disney Co., says it had not been informed of any planned bid.
Euro Disney 'bidder' misses deadline
PARIS: France's Financial Markets Authority said Tuesday that a bid for Euro Disney SCA, announced last week by a little-known Swiss leisure company, failed to materialize ahead of a deadline set by the regulator.
Center-Tainment AG held a news conference Nov. 30 to announce a planned bid, saying the formal offer was delayed because its attorney was ill and refusing to give any details of its financing or backers.
The company, listed in Frankfurt, would now have to wait six months before making any new bid, after missing the Monday evening deadline.
Euro Disney, which operates Disneyland Resort Paris and is 40 percent-owned by Walt Disney Co., says it had not been informed of any planned bid.
iheartminnie
New Member
what do you think the final outcome will be?
DisneyRoxMySox
Well-Known Member
2004-The Walt Disney Company is threatned by a hostile take over bid.
By 2006 it's stock price has rise to $34..
2006-Euro Disney is threatned by a hostile take over bid.
Hey, maybe history will repeat itself. Maybe this is exactly what it needs.
By 2006 it's stock price has rise to $34..
2006-Euro Disney is threatned by a hostile take over bid.
Hey, maybe history will repeat itself. Maybe this is exactly what it needs.
marchofthecards
New Member
Hey,
The operational/management side of it is only at risk. TWDC will keep their share and whoever is in the position of managing the resort will still have to operate under the agreements set by TWDC.
The resort is split into 3 share ownerships, that of Euro Disney SCA, TWDC, and Saudi Prince Alwaleed bin Talal (a major share holder). TWDC sets the design of the resort and the overall product and has the final yay or nay in how their licenses are used. Euro Disney SCA operates this product.
So whoever comes in with the take over bid, is bidding to take over the operational and management side. They still have to comply with the contractual regulations and specifics of being a Disney resort.
My only concern is the debt that they will have to take on, which is a debt of Euro Disney SCA and not TWDC.
Having said that the business law of the contract may not allow another company to come in, it's either Euro Disney SCA, or none, and the Euro Disney Share goes to the originator, TWDC. Should it ever come that Euro Disney SCA are unable to operate.
:wave:
The operational/management side of it is only at risk. TWDC will keep their share and whoever is in the position of managing the resort will still have to operate under the agreements set by TWDC.
The resort is split into 3 share ownerships, that of Euro Disney SCA, TWDC, and Saudi Prince Alwaleed bin Talal (a major share holder). TWDC sets the design of the resort and the overall product and has the final yay or nay in how their licenses are used. Euro Disney SCA operates this product.
So whoever comes in with the take over bid, is bidding to take over the operational and management side. They still have to comply with the contractual regulations and specifics of being a Disney resort.
My only concern is the debt that they will have to take on, which is a debt of Euro Disney SCA and not TWDC.
Having said that the business law of the contract may not allow another company to come in, it's either Euro Disney SCA, or none, and the Euro Disney Share goes to the originator, TWDC. Should it ever come that Euro Disney SCA are unable to operate.
:wave: