BGH increases its offer for Village Roadshow shares

BGH has increased its takeover offer for Village Roadshow after key shareholders appeared certain to reject the offer.

How a change of leadership tells us exactly what kind of airline Virgin will become

US private equity firm Bain Capital won’t formally assume control of Virgin Australia until November. But its coup last week against chief executive Paul Scurrah signals the start of a classic private equity smash-and-grab operation, writes Mark Melatos.