The excellent Salon Mickey is reporting that TWDC subsidiaries are launching a takeover of DLP - https://twitter.com/SalonMickeyBlog
I'm not entirely sure what that means.
Does it mean that shareholders will be made to surrender their shares for Eur1.25, whether they want to or not?
In a way it would be good for the park if it was entirely owned by TWDC.
However, we'd rather remain (small) shareholders than surrender our shares for a cut price and lose the benefits of being members of the shareholders club.
Can anyone shed any more light on this?
I'm not exactly sure how the French stock market rules are, but probably TWDC would make a offer saying they want to buy the shares with an offer at 1.25 euro. Or they would buy out the reminding stocks no matter what.
Here in Norway it's like that if a company owns 90% or more in a another company they could buy the reminding shares no mather what the other shareholders say.
I agree that it is beneficial if TWDC owns DLP entirely.
That we loose the benefits is unfortunately, but nothing we can do anything about I suspect.
But I had a feeling when this process started last year that TWDC was gonna own DLP entirely after a while.
And with the tweet now, it looks like that is gonna happen. Add the factor that TWDC owns 80% of DLP now.
The more I think about it, the more likely it is that the Shareholders Club will close. Really disappointing.