(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)
News: VRL UPDATE 1-Australia's Village Roadshow gets $517 million bid from Pacific Equity Partners
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
2.1¢ |
Change
-0.001(4.55%) |
Mkt cap ! $5.872M | |||
| Open | High | Low | Value | Volume |
| 2.4¢ | 2.4¢ | 2.1¢ | $83.25K | 3.667M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 156381 | 2.1¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 2.2¢ | 100000 | 1 |
View Market Depth
| Last trade - 15.48pm 30/07/2025 (20 minute delay) ? |
| VRL (ASX) Chart |