May 2 (Reuters) - Villa World Ltd VLW.AX :
* REVISED PROPOSAL RECEIVED FROM AVID TO ACQUIRE 100% OF SHARES IN VILLA WORLD AT $2.345 PER SHARE
* VILLA WORLD DIRECTORS INTEND TO UNANIMOUSLY RECOMMEND REVISED PROPOSAL
* GRANTED AVID ACCESS TO DUE DILIGENCE, EXCLUSIVELY ON CUSTOMARY TERMS, FOR LIMITED PERIOD EXPECTED TO EXPIRE AROUND MIDDLE OF JUNE 2019