Tourism Holdings Grants Due Diligence Access to Consortium for Proposed Acquisition; Shares Rise 6%

MT Newswires Live
Jun 12

Tourism Holdings (ASX:THL, NZE:THL) granted due diligence access to a consortium comprising BGH Capital and the family interests of Luke and Karl Trouchet for a proposed acquisition of the company, according to a Friday filing with the Australian and New Zealand bourses.

The consortium has proposed to acquire Tourism Holdings at an indicative all-cash offer price of NZ$3.10 per share.

The company said it granted the due diligence access after the consortium confirmed it was willing to hold its offer at that price level following a cut to Tourism Holdings' fiscal year 2026 underlying net profit after tax guidance.

Tourism Holdings will continue to work with the consortium on a potential deal, but warned that the decision to grant due diligence access does not constitute a recommendation on the offer.

The company's Australia-listed shares gained 6% in recent Friday trade.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10