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Published on : Wednesday, June 14, 2017
Today, the Walt Disney Company declared that it has bought over 97 percent of the shares of Euro Disney SCA, the holding company that legitimately owns the Disneyland Paris Resort respectively. At the initial part this year, Disney made a €2 a share offer to purchase outstanding shares in the company, after buying out its largest remaining individual outside investor.
However, Disney required getting 95 percent ownership in order to take away the stock from trading and in that way execute an obligatory buy-out of the remaining shares of the company. Disney went beyond that particular aim. Today the company announced that it will complete the mandatory buy-out — at the same €2 a share price within June 19th.
This in a way completes the process of Disney assuming complete possession of what has become its most unsatisfactory multi-gate theme park resort. Hopping with difficulty by decreasing tourism in Paris, because of fears of terrorism along with slothful economic performance in much of Europe, Disneyland Paris has not helped its cause in recent times with any new attractions which have wooed fans.
Nevertheless, Disney is now free to expend whatever management feels it can validate to bolster the park, with outside investors no longer in the picture to mess up financial planning. Recently, Disneyland Paris revived many areas of the park because of the recently-launched 25th anniversary celebration.
Tags: Walt Disney Company