On May 23, 2020, Mittleman Brothers LLC which has over 5 per cent of the Company announced that BGH Capital's efforts to bring down the curtain on Village Roadshow's life as a public company, labelling its $468m takeover proposal, opportunistic and criticized it for taking advantage of the corona-virus crisis. Mittleman Brothers chief investment officer Chris Mittleman stated that BGH Capital's takeover play as opportunistic, adding it was a ‘shameful act’ under the circumstances. Mittleman Brothers, stated that it was concerned that the leisure Company's board had determined to engage with BGH capital about its non-binding proposal for the Company. Mittleman stated that the tragedy of COVID-19 and its unprecedented economic consequences were well known, but the event was likely transitory, and any effort to acquire the shares of minority shareholders at a markdown price would be a shameful act. In addition, Mittleman stated that it intends share its views with other investors and pre-crisis, it had stated that the Company should not be taken over for less than $5.42 a share.