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Disney takeover company investigated

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France’s stock market regulator Autorite des Marches Financiers said that it was investigating ‘leisure specialists’ Center-Tainment, who last week announced that it was submitting a bid for Euro Disney SCA. A spokesperson for the AMF said that a 4 December deadline had been set for the Swiss-based company to submit its proposal, or face a 6 month ban on bidding for Euro Disney. Euro Disney, owner of the Disneyland Paris resort said that it was aware of a reported “unfriendly takeover offer” by Center-Tainment, but declared that it was “unable to secure material information on the company”.

Center-Tainment’s market value dropped to euros 5.9 million after its shares fell by euros 1.40 to 59 cents upon receipt of the news. The company, which was created solely for the purpose of taking over Euro Disney, began trading on Frankfurt’s Open Market at the end of September.

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