Show m 2D i Ogden ryr Standard-Examin- Thursday May 24 1984 er t traded : 5 By SHARMAN STEIN A positive article about Disney in the June Orlando Sentinel Walt Disney Productions stock soared 3'A points Wednesday to $6625 as nearly 2 million shares changed hands making it the most widely traded stock on the New York Stock Exchange The high volume fueled speculation of heavy buying by financier Saul Steinberg who for the past few months has been accumulating a large position in the entertainment company Steinberg has not declared any additional purchases since Friday when federal agencies said they would not object if he acquired up to 49 percent of Disney Up until Friday Steinberg was barred from acquiring any more than c shares 15 percent of outstanding The knowledge that Steinberg could re- sume buying stock also was believed to have prompted some traders to jump in nr V 4 issue of Forbes magazine began circulating Tuesday and analysts said it may have contributed to the stock’s popularity Forbes said Disney stock could be worth as much as $110 a share That figure was disputed as overinflated by most Wall Street analysts who follow the company Steinberg’s last recorded trade was May he purchased a block of 1 million shares for $6550 per share With that addition he owned 122 percent He has said he wants to buy at least 25 percent His average price per share is believed to be near $63 Steinberg has 10 days in which to disclose each additional 1 percent of his holdings Until then Wall Street analysts said it is impossible to know if Steinberg was behind Wednesday’s buying “It obviously was one of the big players buying but it’s a matter of waiting until somebody files with the Securities and Ex change Commission” said Martin Romm of First Boston Corp If Steinberg is buying Romm said it could be to maintain his proportionate share of the company Disney announced plans May 17 to acquire Arvida Corp a Boca Raton development company for $200 million in newly issued Disney stock The 3 million or so new Disney shares would dilute Steinberg’s holding to near 1 1 percent By putting the new stock into reportedly friendly hands at Arvida analysts say Disney management will control at least 20 per- ANNOUNCES A NEW BOX OFFICE HIT FROM: VIDGCKnc VIDE- O- cent of the 345 million outstanding shares — enough to block a hostile acquisition attempt by Steinberg or any other buyer Disney’s bylaws require 80 percent shareholder approval for any acquisition Harold Vogel an analyst with Merrill Lynch in New York said the acquisition of Arvida effectively ruins Steinberg’s chances of gaining hold of Disney Starring: MERYL STREEP KURT RUSSELL CHER 'fi IB 17G B B B ®U!J°)®m s Hare's a coupon you can clip and save If at some time you Q know of someone or something we should write a story about let n B us know B Include any details we may need (name addresses telephone Jj B numbers etc) and a brief description jj B It may not be possible to use every suggestion but we're Q Q fl always looking for ideas like Tell and what for us Also comments use the you Q coupon B 0 don't B b n p like Story idea: " - - B B - B B IB I " fl' - fl E3 " B B B B 'aindozD (mouth of Ogden Canyon) Open Everyday 10 to 10 icfl JO Wf Big 5317 South 1900 West Phone 776-555- We Have Two (2) Tubular Waterslides I w Double The Excitment 9 Double The Adventure Double The Fun NOW We Invite You To Take The Challenge and Try To Master It 3147 Harrison Phone 394-922- 4 9 LAYTON 557 North Main Phone Sardons D i The B B OGDEN ROY Rainbow Gardens Rainbow Bowl & The Greenery Restaurant B 1 RA VIDEO EXPRESS LOCATIONS: n Box 951 394-77- 1 B ALSO AVAILABLE: FAWNY-ALEXAND- a Ogden Utah 84402 0 Don't let the floods scare you away cause we're high and dry Just follow 12th street up to the 0 (OiuVit §taiuVmVt£xammrr PO B B B B B B B B B B B B B B B B B B 2 546-628- 2 LOCATIONS IN SLC J Authorized Distributor Video One Video SLC ’i OF Kahuna FREE THE GRADUATION PARTY O FREE WATERSLIDING SEASONS PASS All Night Fri May 2584 VIDEO & SKEETBALL O CONTEST O PRIZES AWARDED $1995 EVERY Vi HOUR 8:00 pm to M0N-SA- 10 AM-N00- June-Augu- st 2 TUBE 6:00 am T N RIDES ALL DAY UNLIMITED SPECIALS O The Big Kahuna Lunch BBQ Sandwich Chips Pickle 1- - 2- 2 Hours of Sliding Free Gift THURSDAY Free Free Free Free 100 per hr Hot Dogs Fruit Drinks Candy Soft Drink Ice Cream Nachos 2 Hours of Sliding Free Gift Tokens Cupcake Samll Drink Party $395 - 300 per person (10 person minimum) $500 charge for use of Party Room per person HAPPY BIRTHDAY (5 person Minimum) Birthday Person SUMMER ADMISSION RATES 1 Monday-Thursda- Friday y Hour Pass All Day $350 $500 $400 $500 $400 $600 IV Saturday Family Pass $1000 GROUP RATES Any organized group of 25 people or more can slide for 2 hours for the price of 200 per person also have free access to our 1 You spacious party room PARTIES! 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