Business Services Industry
Bid for Sea World raised.
Australasian Business Intelligence, December, 2001
Dec 22, 2001 (The Age
ABIX via COMTEX) -- Village Roadshow and Time Warner Entertainment have made an offer for outstanding units in Sea World Property Trust. Earlier in 2001, unit holders, including Perpetual Trustee, resisted a lower takeover offer for the Queensland amusement park trust. The new bid of $A0.90 per unit was announced on 21 December 2001. It applies to the 14.3 per cent of the units that Village and Time Warner do not already own. Perpetual's average price for its stake was $A0.785. Other unit holders set to benefit are Queensland Investment Corporation and CBA. Sea World units rose to $A0.92 on 21 December.
SEA WORLD PROPERTY TRUST - ASX SWD: VILLAGE ROADSHOW LIMITED - ASX VRL: TIME WARNER ENTERTAINMENT: PERPETUAL TRUSTEE COMPANY...
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