BGH Capital to acquire Village Roadshow for $429m.

BGH Capital, a private equity firm, agreed to acquire Village Roadshow, an Australian media and entertainment company, for $429m. The deal still needs shareholder approval and Village will have a scheme meeting in November. If the deal is approved, the BGH transaction will be completed shortly after. "The BGH transaction provides the opportunity for all VRL shareholders to realise an attractive cash price for all of their VRL shares, in a very uncertain operating environment. VRL shareholders will also have the opportunity to elect to retain an equity interest in an unlisted VRL entity that is controlled by BGH," Peter Tonagh, Village Roadshow Chairman.