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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 CEST
   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
Stocks mentioned in the article
ChangeLast1st jan.
SKY -0.22% 1305 Delayed Quote.29.35%
TWENTY-FIRST CENTURY FOX -0.61% 37.31 Delayed Quote.8.72%
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Financials ($)
Sales 2018 58 593 M
EBIT 2018 14 772 M
Net income 2018 11 496 M
Debt 2018 19 335 M
Yield 2018 1,66%
P/E ratio 2018 13,19
P/E ratio 2019 13,68
EV / Sales 2018 2,93x
EV / Sales 2019 2,86x
Capitalization 152 B
Chart WALT DISNEY COMPANY (THE)
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Walt Disney Company (The) Technical Analysis Chart | DIS | US2546871060 | 4-Traders
Technical analysis trends WALT DISNEY COMPANY (THE)
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 24
Average target price 119 $
Spread / Average Target 18%
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
Aylwin B. Lewis Independent Director
Fred H. Langhammer Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
WALT DISNEY COMPANY (THE)-6.76%152 187
COMCAST CORPORATION-16.93%154 523
SKY29.35%31 947
LIBERTY SIRIUS XM GROUP3.61%21 953
LIBERTY MEDIA FORMULA ONE-11.34%21 953
LIBERTY BRAVES GROUP3.99%21 953