By the beginning of 1984, Disney's stock began to suffer as a result of years of stagnation and a lack of innovation. Yet, with such a treasured library of assets, they were still considered a valuable company. That made Disney the perfect target for a hostile takeover attempt, and it would be the infamous corporate raider, Sault Stainberg, who would take aim at Walt Disney Productions. It was time for Disney to consider all of their options and to prepare for a fight. New here? Be sure to subscribe!
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Additional Sources
Taylor, John. Storming the Magic Kingdom: Wall Street, The Raiders, and the Battle for Disney. Ballantine Books, 1988.
Stewart, James B. Disney WarW. Simon & Schuster Paperbacks, 2006.
“Arvida being cut loose”, Fort Lauderdale News, 19 Dec 1983, p9
“Management buys back Arvida”, The Miami Herald, 28 Oct 1983, p E1
“They called in the Texans, risked every cent, then won”, The Miami Herald, 28 Nov 1983, p7
“Pennsy Railroad Buys Arvida”, The Miami Herald, 27 Jul 1965, p1
“A Banker, A Railroad Alter Arvida’s Course”, The Miami Herald, 24 Oct 1965, p10B
“25th year will mean challenge”, The Miami Herald, 06 Jan 1984, p2BE
“Disney acquires Arvida for $200 million in stock”, South Florida Sun Sentinel, 18 May 1984, p1
“Arvida has growing Central Florida stake”, The Orlando Sentinel, 18 May 1984, pA9
“Disney plans to buy big development firm”, The Orlando Sentinel, 18 May 1984, pA1
“A new owner, but same old history for Arvida”, South Florida Sun Sentinel, 04 May 1987, p8
“St. Joe and Arvida: Putting the pieces together”, The Palm Beach Post, 03 May 1998, p1F
“Turbulent history makes way for solid future”, The Palm Beach Post, 03 May 1998, p1F
“Chief executive at Walt Disney resigns”, The Journal Herald, 08 Sep 1984, p12
“Disney takeover threat ends”, The Dispatch (Moline, Illinois), 05 Oct 1984, p30
“Saul P. Steinberg, Icon of the Corporate Takeover, Dies at 73.” The New York Times, 11 Dec. 2012
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