(Adds further details on the deal)
Dec 19 (Reuters) - Australian theme parks and movie theatre operator Village Roadshow (VRL) said on Thursday it has received a conditional indicative takeover bid from Pacific Equity Partners for A$761.2 million ($517 million).
The private equity firm's offer of A$3.90 per share represents a premium of 21.9% to Village Roadshow's Wednesday closing price. Shares of the company have been currently halted for trading.
Pacific Equity said it was willing to offer a full cash consideration or a combination of cash and scrip in a newly incorporated acquisition entity, Village said.
The Melbourne-based company said its largest shareholder and an associate of Pacific Equity have entered into a call option over about 19% of its issued shares.
Village said it was in talks with Pacific and was ready to provide due diligence information.
Pacific was not immediately available for comment.
($1 = 1.4736 Australian dollars)
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Last
2.2¢ |
Change
0.000(0.00%) |
Mkt cap ! $6.151M |
Open | High | Low | Value | Volume |
2.2¢ | 2.2¢ | 2.2¢ | $1.131K | 51.42K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 98858 | 2.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
2.3¢ | 376591 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 98858 | 0.022 |
4 | 397619 | 0.021 |
2 | 1249752 | 0.020 |
3 | 206234 | 0.019 |
3 | 431404 | 0.018 |
Price($) | Vol. | No. |
---|---|---|
0.023 | 376591 | 2 |
0.024 | 422222 | 2 |
0.025 | 533224 | 3 |
0.027 | 207000 | 1 |
0.028 | 690909 | 4 |
Last trade - 11.55am 01/08/2025 (20 minute delay) ? |
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