NZ's Tourism Holdings hits over 2-year high on additional buyout offer
BUZZ-NZ's Tourism Holdings hits over 2-year high on additional buyout offer ** Tourism Holdings shares THL.NZ rise as much as 15.3% to NZ$2.94, their highest level since April 30, 2024
** Stock hits biggest intraday pct gain since May 29
** Commercial recreational vehicle rental operator says it receives additional non-binding indicative offer from a party to acquire co
** Says offer is expressed at an indicative price of NZ$3.30-NZ$3.40/share, the midpoint of which represents a 31.4% premium, as of co's last close
** Says co's board unanimously recommends shareholders accept the proposal
** The additional offer comes as co also received an offer from a consortium of BGH Capital and family interests of Luke and Karl Trouchet in late May
** Co says it is still in negotiations with BGH consortium on similar terms
** YTD, stock up 12.2%
(Reporting by Aamir Sheik Khalid in Bengaluru)
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NZ's Tourism Holdings hits over 2-year high on additional buyout offer