Business
Roll the credits: Village Roadshow, BGH Capital to sign deal – The Australian Financial Review
After extending exclusive discussion four times, Village Roadshow is poised to sign a $2.20 a share takeover bid from Australian buyout firm BGH Capital.
Structure B was said to be split into two parts and, importantly, could be a 10¢ a share lower bid than structure A.
Sources said shareholders would be given two options in structure B; the first would be to accept 10¢ a share lower from BGH Capital, while the second would be to wait six months to see what happened regarding Village’s business and the COVID-19 pandemic.
It is understood BGH’s principals and Village’s executives were relaxing on Thursday and letting the lawyers comb over the ag…
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