[ConfusedAndLovingIt]

Is this a a normal business transaction, or does Roy see the handwriting on the wall?

[sarasota]

Until they get rid of Eisner, it's hopeless.

[jjm2111]

Bump for later.

[God luvs America]

This is sad....Roy was the only one in that corporation that tried to keep the values of Walt alive. Now that liberal bastard Eisner will have fags, hags and commies running the joint. It angers me as a fan of Disney and a stockholder. Eisner will probably try and change the name of the parks from Walt Disney World to Mike Eisner Park!

To answer your question about the handwriting on the wall; about ten years ago Disney premiered the movie Pocohantas by giving a fee showing on the great lawn in Central
Park. Afterwards Eisner and Roy Disney were interviewed; you could see the disdain and total lack of respect Eisner had for Disney in the way he treated him and talked towards him.

A sad day for Disney fans.

[afraidfortherepublic]

In Walt's memory and honor, any relative should sell their shares and distance themselves from this company with the despicable values. This is no longer your "mothers" Disney.

[ConfusedAndLovingIt]

Before the transaction, Disney was the single largest reported shareholder, with 17.3 million shares. After the sale, Disney will retain about 10 million shares, making Disney's chairman and chief executive, Michael Eisner, the single largest reported shareholder with 13.9 million shares.

I forgot to point this out. Michael Eisner is now the largest shareholder.

[KellyAdmirer]

He has five years to tender the shares? And if they go higher, he can just sell them in the open market or otherwise and pay it off in cash?

My goodness, more like a stock option than a stock sale. The Disneys don't raise dummies.