Anyone know what is happening about the shares?

[Gill H]

Any money in their place?

[cazspence]

No money. It says to expect payment around the 15th

[tinker82]

Well they've done it!

97.08% ownership so anyone who hasn't already sold will be part of the mandatory buy out once it is approved.

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[Rescuer]

So what will happen to the shares that were not sold to them now? Do they just take them?

[bobafettbach]

Originally Posted by Rescuer

So what will happen to the shares that were not sold to them now? Do they just take them?

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Once the AMF approve the full takeover, then anyone who didn't sell their shares will get a price of 2 Euros per share. No option to keep.

[Rescuer]

Thanks

[Tink75]

There is still ongoing legal action with CIAM in France regarding the last recapitalisation, so I don't know if the buy out will be able to go ahead with that still progressing. I would think AMF will have to take that into consideration. I'm no expert on these things though! 😳

[lovewdw]

Originally Posted by Tink75

There is still ongoing legal action with CIAM in France regarding the last recapitalisation, so I don't know if the buy out will be able to go ahead with that still progressing. I would think AMF will have to take that into consideration. I'm no expert on these things though! 😳

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I don't think there is any ongoing legal action, the CIAM has been whingeing for years about the previous recapitalisation and attempted buy out. I think they accepted the report that said the offer was fair this time. (I too stand to be corrected though)

There is no delay, the following was issued this morning,

The French financial markets regulator L’Autorité des marchés financiers has issued a notice confirming that Euro Disney S.C.A. shares will be compulsory withdrawn from the Euronext Paris stock exchange on 19 June 2017.

The listing of Euro Disney S.C.A. shares on Euronext Paris was suspended prior to the opening of the stock exchange yesterday.

The 19 June 2017 will also be the date of the start of the implementation of the compulsory withdrawal procedure for Euro Disney S.C.A. shares belonging to shareholders who never took part in the Simplified Cash Tender Offer.

The Walt Disney Company will be compulsory buying the remaining shares from shareholders at €2.00 per share.

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[Silvercat]

A sad day indeed for those of us who loved being shareholders. Still, on the plus side, hopefully TWDC can sort out a lot of the problems and issues that DLRP had over the years, and once the debts are sorted/cleared, maybe start to invest in the parks in the next few years.

And at least we get to keep the Shareholder's Club for the next 10 years, which is excellent news.

[Tink75]

Originally Posted by lovewdw

I don't think there is any ongoing legal action, the CIAM has been whingeing for years about the previous recapitalisation and attempted buy out. I think they accepted the report that said the offer was fair this time. (I too stand to be corrected thxough)

There is no delay, the following was issued this morning,

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No delay as you say.

Legal action is ongoing.

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