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November 30, 2006
Potential Bid for Euro Disney SCA
A Swiss company that operates family amusement parks said Wednesday that it was making a hostile takeover bid for Euro Disney SCA, Europe's largest theme-park operator. Center-Tainment AG, registered in the Swiss canton of Zug, said in an e-mailed statement that it will try to acquire 50.01 percent of Euro Disney's stock through a share swap and gain control over the company's theme parks. It was unclear how Center-Tainment intended to overcome the legal hurdles that protect Euro Disney's management, which is currently delegated to a 100 percent-subsidiary of the Walt Disney Company.
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A Swiss company that operates family amusement parks said Wednesday that it was making a hostile takeover bid for Euro Disney SCA, Europe's largest theme-park operator. Center-Tainment AG, registered in the Swiss canton of Zug, said in an e-mailed statement that it will try to acquire 50.01 percent of Euro Disney's stock through a share swap and gain control over the company's theme parks. It was unclear how Center-Tainment intended to overcome the legal hurdles that protect Euro Disney's management, which is currently delegated to a 100 percent-subsidiary of the Walt Disney Company.
Posted By: Figment! @ 11:20 PM | 
