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4-Traders Homepage  >  Equities  >  Nyse  >  Walt Disney Company (The)    DIS

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UK Takeover Panel: Disney Doesn't Believe Fox Deal Triggers Bid for Sky

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12/14/2017 | 01:57pm CET
   By Adria Calatayud 
 

The U.K. Takeover Panel said Thursday that Walt Disney Co.'s (>> Walt Disney Company (The)) has informed its executive that it doesn't believe the acquisition of 21st Century Fox Inc. (>> Twenty-First Century Fox) should trigger a mandatory bid obligation for Sky PLC (>> Sky).

The U.K. regulatory body said that Disney's announcement doesn't alter 21st Century Fox's obligations under the Takeover Code with respect to its existing offer for Sky.

21st Century Fox, which already owns a 39% stake in Sky, said last year that it intended to buy the remaining 61% in the British media company for 11.7 billion pounds ($15.62 billion) in a deal that is under the scrutiny of U.K. regulators.

The Takeover Panel said it will seek the views of the independent directors of Sky before deciding on the matter.

Shares in Sky at 1234 GMT were down 19 pence, or 1.9%, at 990 pence.

Write to Adria Calatayud at [email protected]

Stocks mentioned in the article : Walt Disney Company (The), Twenty-First Century Fox, Sky
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Financials ($)
Sales 2018 58 589 M
EBIT 2018 15 157 M
Net income 2018 9 562 M
Debt 2018 19 956 M
Yield 2018 1,54%
P/E ratio 2018 17,42
P/E ratio 2019 16,32
EV / Sales 2018 3,19x
EV / Sales 2019 3,11x
Capitalization 167 B
Chart WALT DISNEY COMPANY (THE)
Duration : Period :
Walt Disney Company (The) Technical Analysis Chart | DIS | US2546871060 | 4-Traders
Technical analysis trends WALT DISNEY COMPANY (THE)
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 116 $
Spread / Average Target 4,6%
EPS Revisions
Managers
NameTitle
Robert A. Iger Chairman & Chief Executive Officer
Christine M. McCarthy Chief Financial Officer & Senior Executive VP
John S. Chen Independent Director
Robert W. Matschullat Independent Director
Aylwin B. Lewis Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
WALT DISNEY COMPANY (THE)4.15%166 769
COMCAST CORPORATION4.42%195 597
CBS CORPORATION0.73%24 036
SKY-0.69%23 903
LIBERTY SIRIUS XM GROUP2.22%23 022
LIBERTY MEDIA FORMULA ONE1.56%23 022