Center-Tainment says spoke to Euro Disney on bid - MarketWatch.com - 11/29/06
QuikQuote:A statement from Center-Tainment's offices said the company was formed expressly to initiate a public exchange offer for Euro Disney shares, with the aim of getting at least 50.1%.
After reaching that level, it would replace Euro Disney management, terminate the operating contract with Disney Co. and run the park itself. It said the exchange would leave Euro Disney shareholders with shares worth EUR0.11 against the EUR0.06 level at which they were trading before the Center-Tainment statement was reported.
Center-Tainment said it would hold a news conference Thursday to explain the bid.