Business by Alister Thomson
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Subscriber only SHARES in Gold Coast theme parks owner Village Roadshow will be suspended from trading by the end of the day following Federal Court approval for its takeover by BGH Capital. The move caps off a rollercoaster ride for shareholders that started in December last year when private equity house Pacific Equity Partners put forward a proposal to buy the Movie World owner for $3.90 a share. BGH chipped in with its own offer of $4 per share in January - valuing Village at $780 million - but that was later slashed to just $2.20 to $2.40 a share due to the forced shutdown of the parks in March due to the coronavirus.