On January 23, 2020, Village Roadshow Ltd announced that it has received an unsolicited, non-binding indicative proposal from BGH Capital Pty Ltd to acquire all of shares in the Company at an indicative price of $4.00 cash per share and indicated willing to offer all cash consideration or combination of cash and unlisted shares in a newly incorporated holding Company. The Company stated that its board of directors continuing its assessment of Pacific Equity Partners (PEP) proposal & commenced its assessment of BGH proposal.