Don't forget that it was only back on the 19 Dec 2019 that...

Don't forget that it was only back on the 19 Dec 2019 that "Pacific Equity Partners Pty Ltd (“PEP” on behalf of funds it advises to acquire 100% of the issued share capital of VRL by way of scheme of arrangement at an indicative price of $3.90 per ordinary share", then

On the 24 January 2020 "Village Roadshow Limited (ASX: VRL) today announced that it has received an unsolicited, non-binding indicative proposal from BGH Capital Pty Ltd ("BGH") to acquire all of the shares in VRL by way of a scheme of arrangement (“BGH Proposal”. The indicative price of $4.00 cash per share represents a premium of 25% to VRL’s closing share price of $3.20 on 18 December 2019, the last trading day prior to the announcement of the proposal from Pacific Equity Partners Pty Ltd on 19 December 2019 (“PEP Proposal”. BGH has indicated it is willing to offer all cash consideration or a combination of cash and unlisted shares (subject to caps and scale back provisions) in a newly incorporated holding company."

Regards

SP