Village Roadshow agrees to takeover with BGH Capital’s revised offer
Village Roadshow on Monday has agreed into talks with private equity firm BGH Capital following its renewed takeover offer.
The owner of MovieWorld and SeaWorld theme parks said BGH had lowered its offer to A$2.4 per share from A$4 per share earlier this year.
The Melbourne-based firm is expected to pay between $429.4 million and $468.5 million once the Vilage Roadshow reopened itself to the public again.
Village Roadshow’s stocks opened at A$1.80 on Monday and currently sits at A$1.90 per share.