Passengers were stuck on the ride on the same day the funeral for pilot Ash Jenkinson was being held.
The ailing theme parks and cinema business appears to have finally shrugged off the COVID blues and is pointing to a bumper 2023,and not before time for its new private equity owners.
The owner of Village Roadshow says its ongoing viability hinges on the Omicron wave not triggering new restrictions on its cinemas and theme parks,after COVID-19 inflicted another heavy loss on the group.
BGH has hit several snags along the way in its attempt to buy the owner of the Wet n'Wild and Seaworld theme parks.
Unclip the restraints and disembark the cars - the Village Roadshow investor ride is almost over.
A private equity offer for Village Roadshow is back in play after an increased offer from BGH valuing it at $586 million received support from one of the institutional investors blocking the deal.
Melbourne-based private equity firm BGH Capital has lifted its bid for cinema,film and theme parks operator Village Roadshow after encountering resistance from shareholders.
Village Roadshow takeover is highly unlikely after the company's second largest independent shareholder revealed intentions to vote against the proposal.
US-based hedge fund Mittleman Brothers is trying to single-handedly block a takeover of Village Roadshow.
Village Roadshow says the successful public opening of its theme parks will trigger a lift in suitor BGH's offer price to $2.32 per share,but no additional contingent payments are on the cards.
A second major shareholder in Village Roadshow has raised concerns about a takeover proposal by BGH Capital.