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Village Roadshow Received An Unsolicited Proposal From Bgh Capital To Acquire Co

Thursday, 23 Jan 2020

Jan 24 (Reuters) - Village Roadshow Ltd ::RECEIVED AN UNSOLICITED, NON-BINDING INDICATIVE PROPOSAL FROM BGH CAPITAL PTY LTD ("BGH") TO ACQUIRE ALL OF SHARES IN VRL.DEAL AT AN INDICATIVE PRICE OF $4.00 CASH PER SHARE.INDICATED WILLING TO OFFER ALL CASH CONSIDERATION OR COMBINATION OF CASH AND UNLISTED SHARES IN A NEWLY INCORPORATED HOLDING CO.VRL BOARD OF DIRECTORS CONTINUING ITS ASSESSMENT OF PEP PROPOSAL & COMMENCED ITS ASSESSMENT OF BGH PROPOSAL.NO CERTAINTY THAT EITHER PROPOSAL WILL RESULT IN A TRANSACTION.

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