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Monday, October 6, 2014

Euro Disney Shares Slide On Proposed $1.25B Bailout Backed By Walt Disney

Shares in Euro Disney were down a little less than 15% at noon Paris time following the announcement of a proposal for a 1B euro recapitalization plan backed by its largest shareholder, The Walt Disney Company . The resort group, which operates Disneyland Paris , has been strained under challenging economic conditions in Europe with attendance at the Marne La Valle park projected to drop from 14.9M in 2013 to about 14.1M in the 2014 fiscal year.

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