April 18, 2017 / 9:37 AM / 2 years ago

BRIEF-Activist hedge fund CIAM says Euro Disney's buyout offer not fair for minority investors

April 18 (Reuters) - Euro Disney/CIAM:

* CIAM says 2 euros per share buyout offer for Euro Disney’s minority shareholders is not fair

* CIAM says thinks minimum acceptable price is 2.50 euros/share

* Walt Disney is in process of taking full control of debt-ridden Paris theme park operator Euro Disney

* Walt Disney has said it would support a recapitalisation of up to 1.5 billion euros, helping cut debt and improve Euro Disney’s financial position.

* Minority shareholders will be offered 2 euros a share to sell their stake to Walt Disney - a 67 percent premium to Euro Disney’s share price on Feb 9, which was the day before the offer was announced.

* Saudi billionaire Prince Alwaleed bin Talal also involved in Walt Disney’s plans to take full control of Euro Disney

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below