EuroDisney Subject of Takeover Bid

A Swiss leisure company is reportedly poised to launch a takeover bid of the operator of EuroDisney. Published reports said Frankfurth Center-Tainment AG said it plans to bid for the theme park, 40 percent of which is owned by Burbank-based Walt Disney Co. through a wholly owned subsidiary, EDL Holding. In a statement, Euro Disney S.C.A. said it is aware of the takeover, but has “been unable to secure material information on this company.” “The Management of Euro Disney remains focused on its daily operations as well as its long-term growth strategy and is committed to building on the progress achieved this past year,” it said. EuroDisney opened 14 years ago and includes Disneyland Resort Paris.