On October 6, 2020, Mittleman Brothers LLC announced that it will use its increased shareholding to vote against 2 proposed takeover structures by private equity firm BGH Capital. Mittleman Brothers expressed its view that the Village Roadshow Limited’s board cannot in good faith subject its shareholders to a low-ball cash-out for the long term, if board believes the adverse environment to be a short-term problem. Thus, Mittleman Brothers requested the independent board committee to do the right thing and withdraw its recommendation of the proposed schemes.