Private equity raids the Village

Original article by Ben Wilmot, Bridget Carter
The Australian – Page: 15 & 21 : 20-Dec-19

Pacific Equity Partners has made a conditional, non-binding and indicative takeover offer for cinemas and theme parks group Village Roadshow. The offer of $3.90 per share values Village at about $1bn, or $761.2m when its debt is excluded. Shares in Village closed $0.69 higher at $3.89 on 19 December, in response to the private equity firm’s scheme of arrangement proposal.

CORPORATES
VILLAGE ROADSHOW LIMITED – ASX VRL, PACIFIC EQUITY PARTNERS PTY LTD, VILLAGE ROADSHOW CORPORATION LIMITED, MORNINGSTAR PTY LTD

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