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View Full Version : Center-Tainment says spoke to Euro Disney on bid - MarketWatch.com - 11/29/06



Darkbeer
11-29-2006, 02:36 PM
http://www.marketwatch.com/news/stor...BBC8F829609%7D (http://www.marketwatch.com/news/story/center-tainment-says-spoke-euro-disney/story.aspx?guid=%7BD0166C9C-B0DC-4100-A28C-EBBC8F829609%7D)

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.

Alex S.
11-29-2006, 03:44 PM
INteresting. I'll have to look for details but my first question is what obligations Disney would have to allow them continued use of Disney trademarks and IP. Or if they just want to operate it as a non-Disney park.

Though a hostile takeover would be cool. As it became clear Disney was going to lose I like to imagine that they'd go all "Final episode of Little House" on the park.

Seems sketchy though. Doubt any serious effort will come of it.