Sydney—Village Roadshow Ltd. (VRL) has disclosed it paid Amalgamated Holdings A$129 million (US$112.6 million) for its 50% stake in Roadshow Distributors to take full control of the film, home entertainment, television and pay TV distributor. The company is seeking shareholder approval to borrow up to A$125 million (US$109.1 million) to refinance Roadshow’s debt of A$50 million (US$43.6 million) and to repay part of VRL’s bank facility. VRL told shareholders the fully-owned Roadshow Group will benefit from synergies and cost savings and will have greater growth potential and increased access to funding sources. Shareholders will vote on the proposal at the annual general meeting in Queensland on Nov. 29.