Walt Disney Company to Own 95% of Disneyland Paris

In a move that should delight Disney theme park fans, it seems that the Walt Disney Company made a strategic move with Disneyland Paris recently. While the resort has had major financial issues over the years, the Walt Disney Company has never had complete financial control over the resort. If you’re interested in how international parks ownership is split, click this article.

This was what was said in a recent statement released about the Walt Disney Company’s stock buyback:

Euro Disney ‘Cash Tender Offer’ watch

On Friday 9 June 2017, The Walt Disney Company via their wholly-owned subsidiary The EDL Holding Company LLC purchased 2,455 Euro Disney shares on the Euronext Paris stock exchange.

The Walt Disney Company now own 87.267% of Disneyland Paris with 683,620,841 shares.

Euro Disney S.C.A. has a total of 783,364,900 shares.

The publication of a notice announcing the final results of the Simplified Cash Tender Offer the Walt Disney Company made for Euro Disney S.C.A  is expected tomorrow –  13 June 2017.

The settlement and delivery of the Offer is expected on 15 June 2017 and if TWDC reach an ownership level of 95% of Euro Disney, they are planning to apply to the French financial markets regulator L’Autorité des marchés financiers (AMF) for a mandatory take-over of 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.

Now what does this mean? Even more new rides and attractions?  I wouldn’t go that far just yet. Most importantly, it means that the parent company has control over spending (or not, as the case may be). Being able to have control over the resorts financial and fiscal responsibilities means tightening the purse strings when necessary and spending the right amount to get a return. Paris has been hit hard with terrorist attacks over the last several years and that impacts Disneyland Paris far more than opening new attractions could fix.  However, it will be interesting to see how this deal works out for the resort long term.

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