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Takeover offer for gold coast theme park operator Village Roadshow sweetened – NEWS.com.au
Takeover offer for gold coast theme park operator Village Roadshow sweetened
Cinemas and theme parks operator Village Roadshow has received an improved takeover bid from a private equity firm, sending its shares soaring.Melbourne-headquartered BGH Capital is offering up to $3 per share, valuing the company at $586 million — not including its sizeable debt — up from $2.32 per share or $453 million previously.
BGH began wooing Village Roadshow in January, initially offering $4 per share or $781 million and rivalling an earlier bid from Pacific Equity Partners.
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