Hostile Takeover
A Swiss company called Center-Tainment wants to takeover Euro Disney S.C.A.
Euro Disney S.C.A.’s Management is aware that a company recently listed on the Frankfurt Stock Exchange and based in Zug, Switzerland, has scheduled a press conference for tomorrow (30 November) to announce its intention to launch an “unfriendly takeover offer for Euro Disney”. Despite our attempts to obtain information from them, we have been unable to secure material information on this company. (Euro Disney S.C.A. press release via DLP.info)
DLP info will keep you informed on the news. Also on Reuters you can find some extra information. Personally I don’t know what to think of this. Even if they would succeed, the will have no control over the park as management is under control by the Walt Disney Company via their unlisted company EuroDisney SA. What would the benefit be in owning a company without any rights to change anything in it?
November 30th, 2006 at 11:38 am
Is that not the position the banks have been in since 1992?
November 30th, 2006 at 10:46 pm
I honestly doubt there is anything behind this so-called bid but smoke and mirrors. A minor company with no obvious substance wants to take over a major media outlet? If this were April 1, I would know exactly what’s going on here. And I just checked my calendar to make sure it isn’t! It simply doesn’t make any sense, and the fact they postponed their so-called press conference today (because their lead legal counsel was ill!!) seems to underline how paper-thin this is. Someone’s playing silly games here…..
December 1st, 2006 at 12:55 am
Indeed. Simon, as you say, an ill team member is no reason to cancel a press conference. is this bidders legal representation a one man outfit? hmmm
January 7th, 2007 at 6:19 pm
Hey Tim, I believe it’s you… Please contact me!! p.duhont@yahoo.dk
Love
Pernille