This morning, The Walt Disney Company released a press statement revealing Disney’s intention to purchase all the remaining shares in Euro Disney S.C.A. and support a recapitalization of up to €1.5 billion for the Euro Disney group to enable the group to continue implementation of improvements to Disneyland Paris, reduce debt and increase liquidity. Key points of the press statement: - The Walt Disney Company ("Disney") announces the acquisition of 90% of Kingdom Holding Company's ("Kingdom") interest in Euro Disney S.C.A. ("Euro Disney"), representing 9% of Euro Disney's outstanding shares. - The proposed transaction will increase Disney's interest in Euro Disney to 85.7% from 76.7%. - The price for the transaction is €2.00 per share and will be paid in shares of Disney common stock. - Disney also announces its intention to make a cash tender offer for all remaining outstanding shares of Euro Disney at a price of €2.00 per share, representing a 67% premium to Euro Disney's trading price at its close on February 9, 2017. - Subsequent to the completion of the tender offer, Disney is committed to support a recapitalization of up to €1.5 billion for the Euro Disney group of companies ("Group") to address the Group's financial needs. Complete article can be found here. -------- Update 13-06-2017: The Walt Disney Company has been successful in their Cash Offer for Euro Disney SCA reaching 97.08%. A mandatory buyout procedure will now follow.