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News: VLW Villa World Says Revised Proposal Received From AVID

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    02/05/19
    11:15
    Post #: 38371336

    May 2 (Reuters) - Villa World Ltd (VLW) :

    • REVISED PROPOSAL RECEIVED FROM AVID TO ACQUIRE 100% OF SHARES IN VILLA WORLD AT $2.345 PER SHARE
    • VILLA WORLD DIRECTORS INTEND TO UNANIMOUSLY RECOMMEND REVISED PROPOSAL
    • GRANTED AVID ACCESS TO DUE DILIGENCE, EXCLUSIVELY ON CUSTOMARY TERMS, FOR LIMITED PERIOD EXPECTED TO EXPIRE AROUND MIDDLE OF JUNE 2019
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