Under the Village constitution in the event of a takeover the Prefs convert to normal shares - so lets hope for a takeover!!! see below:
From the age today: ***** There was also heightened speculation about a takeover bid for the Australian entertainment company from a mystery offshore investor that has been buying large parcels of Village ordinary stock.
There have been suggestions that the buyer is friendly to Village co-chairmen Robert and John Kirby, who control about 47 per cent of the ordinary stock *****
Anyone know anything more about this??
Ed
VRL Price at posting:
0.0¢ Sentiment: LT Buy Disclosure: Held
