On November 23, 2020, Village Roadshow Limited announced that by the close of trade, the Company's shares were up 17.1 per cent to $2.87 on the back of the revised offer from BGH Capital. The Company stated that BGH Capital, which has pursued Village Roadshow since before the pandemic in February, had hiked its offer from $2.03 per share to $3 per share. The Company stated that the offer secured the support of Spheria Asset Management, which had previously declared its intention to vote its 7.8 per cent equity share against one structure of the takeover offer.