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News: VRL BGH Capital sweetens Village Roadshow takeover offer by about 30%

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    23/11/20
    10:45
    Post #: 49062893

    Nov 23 (Reuters) - Village Roadshow (VRL) said on Monday it agreed with BGH Capital on a sweetened takeover offer, raising the purchase price by 29.3% to A$585.9 million ($428.12 million), as the private equity firm looks to seal the deal following shareholder resistance.

    BGH is now offering A$3 per share under the structure A scheme, from A$2.32 per share previously, while under a structure B scheme, it will offer A$2.95 per share, up from A$2.22 per share. ($1 = 1.3686 Australian dollars)

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