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COMPANY TOWN ANNEX

<i> Times Staff and Wire Reports</i>

Saudi Prince Extends Euro Disney Deal: The theme park operator said Walt Disney Co. and Saudi Prince Al Waleed ibn Talal ibn Abdulaziz al Saud have agreed to extend a friendly shareholding pact for another five years. The prince will receive a five-year extension to an original one-year deadline that would have forced him to cut his stake in Euro Disney, which runs the Disneyland Paris park, the company said. The prince became a big minority shareholder in Euro Disney last year when he stepped in as a last-minute investor in its share rights issue. He bought about 24% of Euro Disney shares but agreed with Walt Disney to reduce his stake within a year to half the 39.2% stake held by the U.S. company. He holds 23.6% of Euro Disney, the company said.

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