Jan 24 (Reuters) - Village Roadshow Ltd (VRL) :
- RECEIVED AN UNSOLICITED, NON-BINDING INDICATIVE PROPOSAL FROM BGH CAPITAL PTY LTD ("BGH") TO ACQUIRE ALL OF SHARES IN VRL
- DEAL AT AN INDICATIVE PRICE OF $4.00 CASH PER SHARE
- INDICATED WILLING TO OFFER ALL CASH CONSIDERATION OR COMBINATION OF CASH AND UNLISTED SHARES IN A NEWLY INCORPORATED HOLDING CO
- VRL BOARD OF DIRECTORS CONTINUING ITS ASSESSMENT OF PEP PROPOSAL & COMMENCED ITS ASSESSMENT OF BGH PROPOSAL
- NO CERTAINTY THAT EITHER PROPOSAL WILL RESULT IN A TRANSACTION