Tourism Holdings weighs revised takeover approach from BGH-led consortium

Tourism Holdings Limited ( (NZ:THL) ) has provided an announcement.

Tourism Holdings Limited has received a revised, unsolicited and conditional non-binding indication of interest from a consortium led by BGH Capital and the Trouchet family, which already holds 19.9% of the company. The consortium is proposing an indicative all-cash offer of NZ$3.10 per share, subject to due diligence, financing, internal approvals and a unanimous recommendation from the thl board, alongside a favourable conclusion from an independent adviser.

Shareholders representing about 16% of thl’s register have indicated support for the board engaging with the consortium and granting it due diligence access. The board has stated it will assess the merits of the proposal in the best interests of all shareholders before the 12 June 2026 response deadline, while cautioning there is no certainty the indication of interest will lead to a binding transaction and advising investors not to take any action at this stage.

The most recent analyst rating on (NZ:THL) stock is a Buy with a N$3.00 price target. To see the full list of analyst forecasts on Tourism Holdings Limited stock, see the NZ:THL Stock Forecast page.

More about Tourism Holdings Limited

Tourism Holdings Limited is a global tourism operator listed on the NZX and ASX and is the world’s largest commercial RV rental company. It operates rental, manufacturing, retail and dealership brands across New Zealand, Australia and North America, along with travel technology services and tourism attractions such as Kiwi Experience and the Discover Waitomo Group.

Average Trading Volume: 104,261

Technical Sentiment Signal: Sell

Current Market Cap: N$475.6M

For detailed information about THL stock, go to TipRanks’ Stock Analysis page.