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BRIEF-Villa World Says Revised Proposal Received From AVID

Published 02/05/2019, 11:10 am
Updated 02/05/2019, 11:20 am
© Reuters.  BRIEF-Villa World Says Revised Proposal Received From AVID
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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

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