Disneyland Paris share value drops 20%

[ThBa]

Good news for shareholders ?

http://www.thisismoney.co.uk/money/news/article-2789259/saudi-prince-joins-330million-deal-save-france-s-euro-disney.html

 

[Jonjo]

Good news for shareholders ? http://www.thisismoney.co.uk/money/news/article-2789259/saudi-prince-joins-330million-deal-save-france-s-euro-disney.html

Yes very! Good news for the markets as well.
It's up to the rest of the shareholders now to vote on the recapitalisation.

 

[ThBa]

I´ve just found this picture

klick


Have a look at the "body language" (hope this is the right word).

 

[meryll83]

Just noticed an email about a "comfort letter" - I take it this doesn't tell us anything new?

 

[Jonjo]

Just noticed an email about a "comfort letter" - I take it this doesn't tell us anything new?

Just confirms what TWDC want us to think - this is a great offer to shareholders and we should all vote in favour of the recapitalisation....

It might just pass, but a lot of small shareholders are not impressed by the offer and plan to vote against it.

The AGM in Jan is going to be fun!

 

[gavvy]

Anyone know when we are expected to vote.

Am kinda split on this- if i vote yes and want to keep my shares its going to cost me to keep them - or accept a big devaluation. - and no guarantee on the shareholders club, though I did hear somewhere that as im already grandfathered in on the very old rate- I've been a member over 10 years that things wont change for me.

If i vote no-or the resolution fails then what? Disney walk away?? the parks cant continue the way they are for sure.

I really don't know what to do- TWDC are going to feed as much spin as they can on this as its in their interest to get the deal done.

 

[Jonjo]

Anyone know when we are expected to vote.

No, they have not announced a date yet, but I expect it will be at the AGM as Ledouble's full report on the recapitalization proposal will be made available to shareholders at least ten days prior to the shareholders’ meeting.

So I'm expecting this years AGM to be a very boisterous affair, and why it's being held at the Palais des Congrès in Paris and not on-site.

I think TWDC should have enough votes to get the motion passed, we know that Prince Alwaleed bin Talal will join the recapitalisation and so will TWDC, but Invesco which holds 5% has remained silent, but I expect they will also join in.

But if Invesco does not play ball and they vote against it and all the very vocal French small shareholders vote against it which they are going to do so - it might not go through. If that happens will TWDC coming back with another offer?

Will TWDC walk away and let the park close? Would the French Gov. allow it to happen? Would someone else step in and buy the park off Euro Disney S.C.A? All these are questions we don't know the anwer to.

There has been a rumour flying around the city that Merlin Entertainments who own theme parks all over the world, have been in discussions with TWDC about buying the resort if the recapitalisation fails.