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Business deals

Theme parks are closed, but Australian operator offered $300m bid

Village Roadshow in buyout talks with private equity group BGH

Visitors take in "Aquaman -- The Exhibition" at Warner Bros. Movie World on Queensland's Gold Coast in Australia. (Village Roadshow Theme Parks via AAP)

SYDNEY -- Top Australian theme park operator Village Roadshow has agreed to discuss a takeover offer by domestic private equity group BGH Capital in a deal worth about 470 million Australian dollars ($301 million).

BGH has offered up to A$2.40 per share, according to Village Roadshow's announcement Monday -- a 36% premium over Friday's closing. The theme park operator's stock price has plunged roughly 50% since mid-February.

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