NZ's Tourism Holdings rises on non-binding takeover proposal

Tourism Holdings

16/06/2025 24:48

** Shares of Tourism Holdings THL.NZ rise 52.1% to NZ$2.22, their highest levels since July 24, 2024

** The world's largest commercial recreational vehicle rental operator received an uncolicited, non-binding takeover offer from a consortium

** Offer priced at NZ$2.30 per share of co

** Earlier in the day, stock hit its record biggest intraday gain

** Stock up 10.6% this year, including the day's move

 (Reporting by Shivangi Lahiri in Bengaluru)

 ((shivangi.lahiri@thomsonreuters.com))