trending Market Intelligence /marketintelligence/en/news-insights/trending/kW_fjAjwwNN0AKP8LJLWtw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Pacific Equity offers to acquire Australia's Village Roadshow

Measuring The Wireline Digital Divide In The US

Street Talk Episode 56 - Latest bank MOE shows even the strong need scale to thrive

South State CenterState MOE Shows Even The Strong Need Scale To Thrive

2019 Latin America Multichannel, Broadband And Mobile Market Overview

Pacific Equity offers to acquire Australia's Village Roadshow

Pacific Equity Partners Pty. Ltd. made a conditional, nonbinding offer to fully acquire Australia-based media and entertainment company Village Roadshow Ltd. for A$3.90 per ordinary share.

The offer is worth about A$618.5 million, according to S&P Global Market Intelligence data.

Crimson Bidco Pty. Ltd., an associate of the private equity firm, and Village Roadshow's biggest shareholder Village Roadshow Corp. Pty. Ltd. also agreed on a call option covering about 37.1 million shares, or a 19% stake in Village Roadshow.

Village Roadshow said Pacific Equity is willing to offer a full cash transaction or a mix of cash and a scrip issue. The proposal may not lead to a deal and is subject to several conditions, including the completion of due diligence, financing arrangements, support from the Village Roadshow board, and approval by the Australian Foreign Investment Review Board.

The offer came almost four months after Village Roadshow agreed to sell its promotional solutions agency Edge Loyalty Systems Pty. Ltd. to Blackhawk Network (Australia) Pty. Ltd.