Village Resources Receives Indicative Proposal from Pacific Equity Partners Pty Ltd

  • Dec 19, 2019 AEDT
  • Team Kalkine

Paladin Energy Ltd (ASX: PDN) has received the conditional, non-binding and indicative proposal from Pacific Equity Partners Pty Ltd to acquire 100 per cent of the issued share capital of the company by way of scheme of arrangement at an indicative price of $3.90 per ordinary share.

The company’s board informed that call option of over approximately 19 per cent of VRL’s issued shares has been entered into between an associate of PEP and the company’s largest shareholder, Village Roadshow Corporation Pty Ltd.

Pacific Equity Partners has indicated it is willing to offer full cash consideration or a combination of cash and scrip in a newly incorporated acquisition entity.


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