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Australia’s Struggling Village Roadshow Agrees To Exclusive Takeover Talks With BGH Capital

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deadline.com

By Jill Goldsmith Australian theme park and movie theater operator Village Roadshow has agreed to exclusive takeover talks with BGH Capital after the private equiity firm offered to buy it for $465 million – or about $2.40 a share – it’s second offer, and a lower one, according to multiple media reports.

The company has been the target of ongoing takeover speculation and several bids. It’s stock — along with others in the sector — has become increasingly cheap as the coronavirus pandemic forced its businesses to shutter, choking off revenue.

The shares, which are publicly listed in Australia, had fallen 55% since February before COVID-19 hit. They jumped 20% Monday to $2.13.

Read more on deadline.com
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