Shamrock Holdings made an offer for Holly Sugar.

In a filing with the Securities and Exchange Commission, Shamrock, which is controlled by the Roy Disney family, disclosed that it submitted the bid on April 8 to Salomon Bros., investment banker for the Colorado Springs, Colo.-based firm. The offer was to pay for each share of Holly Sugar common stock outstanding: $45 in cash, preferred stock or debt securities with a face value of $70 and a “contingent payment certificate,” which could pay its holder as much as $70 more in cash over a 20-year period. The Disney family already holds 101,300 Holly Sugar shares, or 9% of the total outstanding.