Business
‘The valuation is absurd’: US investor attempts to block Village Roadshow deal – Sydney Morning Herald
A US-based investor will appeal to the corporate regulator in an attempt to stall a takeover attempt on cinema and theme park operator Village Roadshow.
Village Roadshow, which owns Sea World, Warners Bros. Movie World and Wet n Wild, is midway through a takeover attempt by BGH, which Mittleman has repeatedly attempted to block and stall. Mittleman, the largest independent shareholder, disclosed to the ASX that it has lifted its stake from 8.5 per cent to 10.1 per cent and plans to vote against the two proposed takeover structures at an upcoming shareholder meeting.
Village Roadshow Corporation owns 34 per cent of the ASX-listed Village Roadsho…
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