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News: VRL Village Roadshow Received An Unsolicited Proposal From Bgh Capital To Acquire Co

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    24/01/20
    09:45
    Post #: 42551119

    Jan 24 (Reuters) - Village Roadshow Ltd (VRL) :

    • RECEIVED AN UNSOLICITED, NON-BINDING INDICATIVE PROPOSAL FROM BGH CAPITAL PTY LTD ("BGH") TO ACQUIRE ALL OF SHARES IN VRL
    • DEAL AT AN INDICATIVE PRICE OF $4.00 CASH PER SHARE
    • INDICATED WILLING TO OFFER ALL CASH CONSIDERATION OR COMBINATION OF CASH AND UNLISTED SHARES IN A NEWLY INCORPORATED HOLDING CO
    • VRL BOARD OF DIRECTORS CONTINUING ITS ASSESSMENT OF PEP PROPOSAL & COMMENCED ITS ASSESSMENT OF BGH PROPOSAL
    • NO CERTAINTY THAT EITHER PROPOSAL WILL RESULT IN A TRANSACTION
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