New Zealand's Tourism Holdings rises on rejecting takeover bid

Tourism Holdings

04/08/2025 03:34

** Tourism Holdings THL.NZ rises 2% to NZ$2.09; set for strongest trading session since July 24

** Commercial recreational vehicle (RV) rental operator rejects unsolicited, non-binding takeover offer from a consortium

** Offer price of NZ$2.3 represents 12.2% premium on last close

** Co says current proposal "well below a level" that it can engage with

** YTD, THL gains 5%

 (Reporting by Nikita Maria Jino in Bengaluru)

 ((Nikita.Jino@thomsonreuters.com;))