Business
Village keeps reel rolling for suitor BGH Capital – The Australian Financial Review
Village Roadshow’s ready to accept a $2.20 a share plus crumbs bid from its private equity suitor – all it needs is a firm bid.
All indications were pointing to a signed deal in the coming day or so (although we have heard that before).
Sources said the two parties had been talking about a deal at $2.20 a share, which could be worth more under certain scenarios, and were sticking to the twin-structure proposal that gained BGH exclusivity in May.
As Street Talk reported last week, BGH Capital have set up a handful of entities with the corporate regulator to buy and own Village Roadshow. BGH dealmakers Ben Gray, Simon Ha…
Continue Reading
