trending Market Intelligence /marketintelligence/en/news-insights/trending/tei8EjLPSCKdAhJrzqeJdQ2 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.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • 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

Villa World receives takeover offer from Australian peer

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate (CRE) Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd

Segment

IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help


Villa World receives takeover offer from Australian peer

Diversified property developer AVID Property Group Australia Pty. Ltd. submitted an offer to buy all the shares in Australian peer Villa World Ltd. at an indicative price of A$2.23 per share through a scheme of arrangement.

The indicative proposal received March 8 and made public March 14 is subject to certain conditions, which include it completing due diligence, the execution of a scheme implementation agreement and approval from AVID's directors.

The offer also assumes that Villa World's capital comprises 125.5 million shares and 2.0 million performance rights. AVID is also requiring the target to not sell any material assets after receiving the proposal.

According to AVID, it expects to fund the transaction using a combination of its internal resources, shareholder equity contributions and debt facilities.

Villa World said the resulting transaction from the scheme implementation deal will be subject to certain conditions, including the unanimous recommendation from its directors, approval from Australia's Foreign Investment Review Board and the majority of Villa World's shareholders.

However, the company stressed it is not guaranteed that AVID will be granted due diligence or the proposal will result in a transaction or the board will recommend the proposal. Villa World added that it is now in the process of appointing advisers for the offer.