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

Author Topic: Euro Disney S.C.A. (EDL) Shares  (Read 198020 times)

mickeyspal

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Re: Euro Disney S.C.A. (EDL) Shares
« Reply #705 on: May 12, 2017, 06:41:57 PM »
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.
1993 + 2005 - Hotel Cheyenne
1995 - Walt Disney World Florida
1997 - Hotel New York
1998 - Hotel Santa Fe
2000 + 2006 + 2012 + 2014 - Sequoia Lodge
2002 + 2004 +  2009 - Newport Bay
2007 + 2015 - Hong Kong Disney
2007 - DLP (1 day visit)
2017 - Disneyland Hotel - Cinderella Suite
2018 - Disney Cruise- Mediterranean
2019 - Disneyland Hotel
2020 - Disney Merrytime Cruise - Caribbean

A&S&O

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Re: Euro Disney S.C.A. (EDL) Shares
« Reply #706 on: May 12, 2017, 07:02:52 PM »
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.
Planning WDW 2019
1997 DLP x2, 1998 DLP x2, 1999 DLP, 2000 DLP Millenium, 2002 DLP, 2003 DLR, 2004 WDW + DLP, 2005 DLP + DLR, 2006 WDW, 2007 DLP x2, 2008 WDW + DLP x3, 2009 DLP x7, 2010 WDW (+ extra week due to ash cloud!), 2011 DLR, 2012 WDW + DLP, 2013 WDW + DLP, 2014 WDW + DLPx3 (inc. daytrip for Ratatouille preview), 2015 DLR + DLPx3, 2016 WDW + DLP, 2017 WDW x2 + DLP, 2018 WDW + DLP x2. Coming up - ?

norhel

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Re: Euro Disney S.C.A. (EDL) Shares
« Reply #707 on: May 12, 2017, 07:24:34 PM »
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.
3 trips to DLP, 2 to WDW, 1 to Disneyland California



mickeyspal

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Re: Euro Disney S.C.A. (EDL) Shares
« Reply #708 on: May 12, 2017, 08:07:07 PM »
I stand corrected.
1993 + 2005 - Hotel Cheyenne
1995 - Walt Disney World Florida
1997 - Hotel New York
1998 - Hotel Santa Fe
2000 + 2006 + 2012 + 2014 - Sequoia Lodge
2002 + 2004 +  2009 - Newport Bay
2007 + 2015 - Hong Kong Disney
2007 - DLP (1 day visit)
2017 - Disneyland Hotel - Cinderella Suite
2018 - Disney Cruise- Mediterranean
2019 - Disneyland Hotel
2020 - Disney Merrytime Cruise - Caribbean

Caz

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Re: Euro Disney S.C.A. (EDL) Shares
« Reply #709 on: May 12, 2017, 09:59:53 PM »

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  armís 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  Ä2.00  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 Ä2.00.
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.
Disneyland Hotel - SEPT 17
Davy Crockett  - JUL 15
Davy Crockett  - JUN 12
Hotel Cheyenne - FEB 11
Magic Circus - SEPT 10
Newport Bay Club - NOV 2009
Sequioa Lodge - JAN 2009
Davy Crocketts  -  AUG 2008

MrsPirate

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Re: Euro Disney S.C.A. (EDL) Shares
« Reply #710 on: May 17, 2017, 02:56:06 PM »
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  :'( :'( :'(


Off Site June 1992
Santa Fe, July 2009
Cheyenne, June 2010
Newport Bay Club Admirals Floor, July 2011
Sequoia Lodge, Christmas November 2011
Sequoia Lodge, June 2012
Hotel New York, Christmas November 2012
Hotel New York, Halloween 2013
Disneyland Hotel, Christmas 2014 and Christmas 2015
Newport Bay Club Compass Club, Christmas 2016 and Christmas 2018

norhel

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Re: Euro Disney S.C.A. (EDL) Shares
« Reply #711 on: May 17, 2017, 06:07:23 PM »
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.
3 trips to DLP, 2 to WDW, 1 to Disneyland California



bensmum

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Re: Euro Disney S.C.A. (EDL) Shares
« Reply #712 on: May 25, 2017, 10:17:43 PM »
Same here. Only had a few shares but sad to see them go  :(

Slimy yet satisfying

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Re: Euro Disney S.C.A. (EDL) Shares
« Reply #713 on: May 26, 2017, 10:44:29 AM »
Not long back after enjoying possibly my last muffin and hot chocolate at Salon Mickey. I've accepted too. :(
1992 Honeymoon DH
1994 Oct DH, 1996 Jan DH, 1998 Oct DH, 2000 Oct DCR, 2002 Jan SL....too many babies so a big break...2010 Mar SF, 2011 Mar SF, 2013 Jan Kyriad, 2013 Apr Gite, 2013 Oct Gite + 2nts DC, 2014 New Year/Jan SF, 2015 New Year/Jan SF, 2015 Oct Gite, 2016 Jan Gite, 2016 Easter Kyriad, 2016 June Explorers, 2016/7 NY Dream Castle and Gite, 2017 Feb Cheyenne , 2017 May Dream Castle,  2017/8 NY/Jan Gite, 2018 Feb Dream Castle Hotel, 2018 Nov Dream Castle, 2019 Feb Santa Fe.

A&S&O

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Re: Euro Disney S.C.A. (EDL) Shares
« Reply #714 on: May 26, 2017, 11:16:52 AM »
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.
Planning WDW 2019
1997 DLP x2, 1998 DLP x2, 1999 DLP, 2000 DLP Millenium, 2002 DLP, 2003 DLR, 2004 WDW + DLP, 2005 DLP + DLR, 2006 WDW, 2007 DLP x2, 2008 WDW + DLP x3, 2009 DLP x7, 2010 WDW (+ extra week due to ash cloud!), 2011 DLR, 2012 WDW + DLP, 2013 WDW + DLP, 2014 WDW + DLPx3 (inc. daytrip for Ratatouille preview), 2015 DLR + DLPx3, 2016 WDW + DLP, 2017 WDW x2 + DLP, 2018 WDW + DLP x2. Coming up - ?

paul2

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Re: Euro Disney S.C.A. (EDL) Shares
« Reply #715 on: May 26, 2017, 01:41:45 PM »
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

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Re: Euro Disney S.C.A. (EDL) Shares
« Reply #716 on: May 26, 2017, 02:23:48 PM »
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.
Planning WDW 2019
1997 DLP x2, 1998 DLP x2, 1999 DLP, 2000 DLP Millenium, 2002 DLP, 2003 DLR, 2004 WDW + DLP, 2005 DLP + DLR, 2006 WDW, 2007 DLP x2, 2008 WDW + DLP x3, 2009 DLP x7, 2010 WDW (+ extra week due to ash cloud!), 2011 DLR, 2012 WDW + DLP, 2013 WDW + DLP, 2014 WDW + DLPx3 (inc. daytrip for Ratatouille preview), 2015 DLR + DLPx3, 2016 WDW + DLP, 2017 WDW x2 + DLP, 2018 WDW + DLP x2. Coming up - ?

Slimy yet satisfying

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Re: Euro Disney S.C.A. (EDL) Shares
« Reply #717 on: May 26, 2017, 10:55:02 PM »
Yup. That's why I had a cookie as well as my muffin!😉
1992 Honeymoon DH
1994 Oct DH, 1996 Jan DH, 1998 Oct DH, 2000 Oct DCR, 2002 Jan SL....too many babies so a big break...2010 Mar SF, 2011 Mar SF, 2013 Jan Kyriad, 2013 Apr Gite, 2013 Oct Gite + 2nts DC, 2014 New Year/Jan SF, 2015 New Year/Jan SF, 2015 Oct Gite, 2016 Jan Gite, 2016 Easter Kyriad, 2016 June Explorers, 2016/7 NY Dream Castle and Gite, 2017 Feb Cheyenne , 2017 May Dream Castle,  2017/8 NY/Jan Gite, 2018 Feb Dream Castle Hotel, 2018 Nov Dream Castle, 2019 Feb Santa Fe.

Sulley's Arms

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Re: Euro Disney S.C.A. (EDL) Shares
« Reply #718 on: May 28, 2017, 04:16:01 PM »
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/


Trip Counter
Nov 07 - DCR [4d]
Mar 09 - DCR [3d]
Feb 11 - DCR [4d]
Oct 11 - Kyriad [3d]
Dec 11 - Adagio [3d]
Feb 12 - DCR [6d]
Jun 12 - Crecy Golf [4d]
Aug 12 - Crecy Golf [2d]
Feb 13 - Adagio [4d]
Dec 13 - Crecy Golf [3d]
Feb 14 - DCR [5d]
Mar 15 - Sejours [4d]
Feb 16 - Kyriad [4d]
Dec 16 - Offsite [3d]
Feb 17 - Adagio [4d]
Aug 17 - Offsite [2d]
Dec 17 - Offsite [3d]
Dec 18 - Cheyenne [3d]


Adam

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Re: Euro Disney S.C.A. (EDL) Shares
« Reply #719 on: May 28, 2017, 08:44:05 PM »
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.

 

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