Euro Disney S.C.A. (EDL) Shares

[mickeyspal]

I have just received notification from Halifax about the corporate action on the shares. It's finally happening , 2euros per share; I have accepted the offer. I would have preferred to keep them but further down the line it will be a compulsory buy out and won't be offered same value as now. Ah well it was nice while it lasted, at least we'll have a few more years to enjoy the small perks before it's all taken away from us.

[A&S&O]

I have just received notification from Halifax about the corporate action on the shares. It's finally happening , 2euros per share; I have accepted the offer. I would have preferred to keep them but further down the line it will be a compulsory buy out and won't be offered same value as now. Ah well it was nice while it lasted, at least we'll have a few more years to enjoy the small perks before it's all taken away from us.

In the details of the offer, I think it said that if you don't sell and TWDC take over anyway, you will still get 2 euros per share.
Happy to be corrected if I'm wrong.

[norhel]

I have just received notification from Halifax about the corporate action on the shares. It's finally happening , 2euros per share; I have accepted the offer. I would have preferred to keep them but further down the line it will be a compulsory buy out and won't be offered same value as now. Ah well it was nice while it lasted, at least we'll have a few more years to enjoy the small perks before it's all taken away from us.

In the details of the offer, I think it said that if you don't sell and TWDC take over anyway, you will still get 2 euros per share.
Happy to be corrected if I'm wrong.

I belive I also saw that it was 2 euros at the take over.

[mickeyspal]

I stand corrected.

[Caz]

If you're going to part with your shares anyway it may be worth doing so via the offer (or waiting for the mandatory buy-out) to protect your right to any later increase in price paid.

Quote
"If  within  366  days  of  the  closing  of  the  Block  Trade,  i.e.,  by  no  later  than  February  16,  2018,  EDL  Holding  or  any  of  its  affiliates  acquires  from  any  third  party  that  is  not  an  affiliate  of  TWDC,  in  an  arm’s length transaction (including by way of a tender offer or squeeze-out), any Company shares at a New  Price  Per  Share  (in  cash  or  in  kind)  exceeding  €2.00  per  Company  share, the  Bidders  will  pay  an  additional  cash  amount to  each  shareholder having tendered Company shares into the Offer in accordance with the Semi-Centralized Procedure (as defined in Section 3.5) in an amount per Company share identical to the additional cash amount per Company share, which will be equal to the number of Company shares so tendered times the excess of the New Price per Share over €2.00.
The  shareholders  tendering  their  Company  shares  into  the  Offer  in  accordance  with  the  Semi-Centralized Procedure (as described and defined in Section 3.5 below) will be eligible for payment of any additional cash amount
under the same terms as described above.However, the shareholders tendering their Company shares into the Offer in accordance with the Non-Centralized  Procedure  (as  described  and  defined  in  Section  3.5 below)  will  not  be  eligible  for such payment.
 
Such additional cash amount will also be paid, if applicable, in the event of the Mandatory Buy-Out, to
shareholders whose shares will be purchased in the context of such Mandatory Buy-Out." 

At least we know now, although have heard from Halifax have not yet heard from Soc Gen!

Will be so sad to see them go , am half tempted to hang on to couple, just to be awkward.

[MrsPirate]

Well I've finally given in and accepted the tender offer, but I'm very sad to no longer have my own little piece of Disney 

[norhel]

Well I've finally given in and accepted the tender offer, but I'm very sad to no longer have my own little piece of Disney 

So have I.
Even though I have shares in TWDC, I also think it's sad to let the shares in DLP go. But I think it's best for the company.

[bensmum]

Same here. Only had a few shares but sad to see them go 

[Slimy yet satisfying]

Not long back after enjoying possibly my last muffin and hot chocolate at Salon Mickey. I've accepted too.

[A&S&O]

Not long back after enjoying possibly my last muffin and hot chocolate at Salon Mickey. I've accepted too.

You can eat muffins for another 10 years, or until TWDC change the rules / offerings.

[paul2]

Hey all

Sorry - been lurking for so many years without logging in I don't have access to the email account for my old user - I used to post as "Paul".

Anyway - I've also had my offer letter this week - does anyone know for absolute certain that if we accept the offer and sell, we still keep the club membership for the 10 years?

Thanks

[A&S&O]

DLP have said they will keep the club and all its benefits for 10 years. Current members will have their current cards electronically extended for 10 years - its also been mentioned they will issue new cards with a 10 year date on them.

The small print says they can change or withdraw any benefits whenever they like.

[Slimy yet satisfying]

Yup. That's why I had a cookie as well as my muffin!😉

[Sulley's Arms]

This post by Salon Mickey is very interesting - seems all may not necessarily be quite as straightforward as first believed...

https://salonmickey.wordpress.com/2017/05/28/the-squeezing-out-of-euro-disney-shareholders-and-a-campaign-for-compensation/

[Adam]

This post by Salon Mickey is very interesting - seems all may not necessarily be quite as straightforward as first believed...

https://salonmickey.wordpress.com/2017/05/28/the-squeezing-out-of-euro-disney-shareholders-and-a-campaign-for-compensation/

Unfortunately for the shareholder, I doubt their efforts will amount to anything. I can't see how the shares will become profitable any time soon - if anything, if the full takeover didn't take place, the costs are likely to increase.