	disney family makes bid for holly sugar hly the roy disney family disclosed in a filing with the securities and exchange commission that it made a bid to uire holly sugar corp for a package of cash and securities shamrock holdings of california inc a disney family company said it submitted the bid on april to salomon brothers inc holly sugar s investment banker the offer was for dlrs in cash securities with a face value of dlrs and a contingent payment certificate that would pay out as much as dlrs over a year period for each share of holly sugar outstanding the disney family already holds holly sugar shares or pct of the total outstanding following purchases of shares march april shamrock told the sec shamrock said it had asked for certain information about holly sugar s financial condition but had been turned down it said its offer was therefore subject to further discussions once we have had an opportunity to complete our due diligence evaluation of the company including inspections of certain facilities and meetings with key management personnel we would be prepared to negotiate all aspects of our proposal including price it said in its april letter reuter m 
