Euro Disney offers new shares as part of financial restructuring

Posted Friday, January 21, 2005 9:47 AM | Contributed by Jeff

Debt-laden theme park operator Euro Disney began the last stage of a life-saving financial revamp on Friday with the launch of a 253 million euro ($327.6 million) capital increase that will massively dilute its earnings, causing its shares to dive.

Read more from Reuters.

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Friday, January 21, 2005 10:07 AM
What earnings? There's nothing to dilute!
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