Aug 7 (Reuters) - Village Roadshow Ltd VRL.AX :
* VRL ENTERS INTO IMPLEMENTATION AGREEMENT WITH BGH
* DEAL FOR $2.45 PER SHARE
* INDEPENDENT COMMITTEE OF VRL BOARD RECOMMENDS BGH TRANSACTION IN ABSENCE OF A SUPERIOR PROPOSAL
* IMPLIED EQUITY VALUE OF DEAL IS $478 MILLION
* ENTERPRISE VALUE INCLUDES VRL EXPECTED NET DEBT OF ABOUT $280 MILLION AS AT 30 JUNE 2020