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[Slimy yet satisfying]

So are we supposed to sell our shares now or wait till we receive formal notification? I havent heard anything from Halifax. When they changed it some years back they got in contact but nothing as yet. Any ideas?

[Sulley's Arms]

I believe it said we'll be contacted through agent companies.  Possible delay now though due to CIAM statement on unfair share offer price.

Time will tell...

[A&S&O]

Salon Mickey is reporting that the takeover has been approved.

Correct me if I'm wrong -

If we sell now on the stockmarket , we get the current price of €2.00, but will pay brokerage fees.

I understand that we will be contacted about the takeover, with TWDC offering to buy at €2.00 and they will bear the cost of fees?

What happens if we refuse to sell, but they get the required %age of shares to force a takeover?
Will we still get €2.00? Will we get nothing? Will we get whatever they decide to give us?

[norhel]

Salon Mickey is reporting that the takeover has been approved.

Correct me if I'm wrong -

If we sell now on the stockmarket , we get the current price of €2.00, but will pay brokerage fees.

I understand that we will be contacted about the takeover, with TWDC offering to buy at €2.00 and they will bear the cost of fees?

What happens if we refuse to sell, but they get the required %age of shares to force a takeover?
Will we still get €2.00? Will we get nothing? Will we get whatever they decide to give us?

What I believe is gonna happen is that you gonna get a notice from your brooker, with the offer. And if you accept the offer, I "think" you shouldn't pay any fees. But I also assume that depends on the broker.

There hasn't been any word on what would happen if the offer isn't accepted, but I suspect that those still holding shares will be in a less good position. And if TWDC get the 95% and is buying out the rest, they could give the same, better or worse price.

[A&S&O]

Just spotted this in http://timon.disneylandparis.com/corporate/en-2017-03-30-draft-offer-document-ed-sca.pdf -

The amount of the compensation, which will be equal to the Offer Price, will be paid to a blocked account opened for this purpose with BNP Paribas Securities Services designated as centralizing agent for the purpose of the
compensation operations in connection with the Mandatory Buy-Out and Delisting.

Which to me suggests that if you don't decide to sell, but TWDC takes over anyway, you will still get the €2.00 originally offered.

[norhel]

So, what are peoples though about selling their shares?
For me it would probably be a sell.

[jj554]

So, what are peoples though about selling their shares?
For me it would probably be a sell.

I already sold mine about 6 weeks ago as it seemed like a good idea.... however am hoping that they will still have me down as a member of "The Club" for the purposes of the ten year extension I saw discussed, as my card doesn't officially expire until end July.

[A&S&O]

I already sold mine about 6 weeks ago as it seemed like a good idea.... however am hoping that they will still have me down as a member of "The Club" for the purposes of the ten year extension I saw discussed, as my card doesn't officially expire until end July.

I don't see how they would know you are no longer a shareholder.

[A&S&O]

So, what are peoples though about selling their shares?
For me it would probably be a sell.

If you sell now, on the stockmarket, you will get the current rate for the shares (currently 2 euros per share), but you will pay brokerage fees.

Assuming that TWDC get permission to take over, you will be offered 2 euros per share and may avoid brokerage fees.

If you turn down their offer, they are likely to take over any way. What you get for your shares at that point is anyone's guess, although there is an indication that you will still get 2 euros.

I think its generally accepted that the takeover will take place. If there are any difficulties, TWDC may increase their offer, but only significant shareholders could cause this.

I seem to remember reading, quite some time ago, that when DLP was created, the French government insisted that it was owned by a French company. I suppose that that will still be the case, except TWDC will own the French company that owns DLP.

[norhel]

So, what are peoples though about selling their shares?
For me it would probably be a sell.

If you sell now, on the stockmarket, you will get the current rate for the shares (currently 2 euros per share), but you will pay brokerage fees.

Assuming that TWDC get permission to take over, you will be offered 2 euros per share and may avoid brokerage fees.

If you turn down their offer, they are likely to take over any way. What you get for your shares at that point is anyone's guess, although there is an indication that you will still get 2 euros.

I think its generally accepted that the takeover will take place. If there are any difficulties, TWDC may increase their offer, but only significant shareholders could cause this.

This is my thoughts as well. I actually got a notice from my broker yesterday with the purchase offer from DLP.

[Slimy yet satisfying]

Nothing from Halifax yet.

[irishbhoy1888]

So can Anyone say when this is supposed to happen? I'm not a shareholder but really do hope twice takes full control and dlp realize it's full potential.
Obviously make sure the shareholders are logged after first.

[Caz]

I've just been trying to find out from Halifax via online chat, what I'm supposed to do in order to take up the offer

Quote
Me: Hi, I wish to take up the offer by EDL et al, for my holding of EDR shares. The draft offer mentions a semi-centralized procedure (where by there is reimbursement of fees and protection in case of adjustments to the offer price) - is this something I will be able to do?
Beverley: There are no recent events for this stock, the last one we notified you of was in December 2015
Beverley: The department will need to receive the information from the company themselves before notifying you of the event."

It looks like the Halifax know nothing.

I also contacted Societé Generale Securities Services, Paris, where I have further shares who replied:
Quote
"We inform you that as of today we did not received the instructions regarding this matter.
As soon as we obtain the procedure, you will be inform"

I am now replying back to the shareholder club email of 30/3 'Announcement: draft simplified cash tender offer' asking how we take up the offer.

Update - have just received the latest email from Shareholder club and looks like the offer dates have changed - now expiring 8th June (was 23rd May). Am going back to them anyway to find out if Halifax and the like will now be informed. 

PS As much as I like owning a little bit of the House of Mouse, I won't be sorry to see the back of all this malarky!

[samuelvictor]

Yeah, its note been agreed on and accepted by all the right authorities yet. Things like this are complicated with French law, they like companies to have some public ownership and accountability and won't like the idea of an American company owning 100%.

Once (if) the proposal is accepted, then we'll be contacted by the company that we registered our shares with. It is a legal obligation of them to contact you, and to do everything reasonable to see that you read the message.

Personally, I'm hoping that the plan is not accepted. I like being a shareholder. Disney Corp already own a large enough percentage to invest in the parks etc. Having a modicum of public control as well just holds everyone accountable, and allows fans to feel like they own a part of the parks. And its in everyone's interest for the parks to do well, if we support the parks, they will succeed, and the values of our shares go up Its a win win. It'll be a shame if this goes through, in my opinion.

Not to mention the fact that the forced buyout fee is way lower than what I originally paid, so they are essentially forcing me to lose money beyond my wishes. I'm sure if I held on to them, they would eventually go up in value back to what I originally paid, and beyond. Selling them now would be unwise for me, so why should they be able to force me to do it?

[A&S&O]

Yeah, its note been agreed on and accepted by all the right authorities yet. Things like this are complicated with French law, they like companies to have some public ownership and accountability and won't like the idea of an American company owning 100%.

Once (if) the proposal is accepted, then we'll be contacted by the company that we registered our shares with. It is a legal obligation of them to contact you, and to do everything reasonable to see that you read the message.

Personally, I'm hoping that the plan is not accepted. I like being a shareholder. Disney Corp already own a large enough percentage to invest in the parks etc. Having a modicum of public control as well just holds everyone accountable, and allows fans to feel like they own a part of the parks. And its in everyone's interest for the parks to do well, if we support the parks, they will succeed, and the values of our shares go up Its a win win. It'll be a shame if this goes through, in my opinion.

Not to mention the fact that the forced buyout fee is way lower than what I originally paid, so they are essentially forcing me to lose money beyond my wishes. I'm sure if I held on to them, they would eventually go up in value back to what I originally paid, and beyond. Selling them now would be unwise for me, so why should they be able to force me to do it?

I too have wondered about the French allowing ownership by a "foreign country". Are they getting around that by DLP being owned by a French company, that is owned by a French company, that is owned by TWDC?

There is also the dispute (or two?) about the valuation of DLP / Marne la Vallee that is ongoing. It has been dismissed by TWDC, but it is, as far as I know, ongoing.

Whilst I agree with most of your post, I think "Having a modicum of public control" is a bit strong. Minor shareholders have no control / say whatsoever - unfortunately.
I like being a shareholder too, but am torn between remaining a shareholder (for selfish reasons) and having TWDC takeover and invest.

I think most people who took up that last offer to buy shares at €1 will be in profit with the offer to sell for €2.