NZ's Tourism Holdings surges on receiving revised buyout offer
BUZZ-NZ's Tourism Holdings surges on receiving revised buyout offer ** Shares of New Zealand's Tourism Holdings THL.NZ rise as much as 32.7% to NZ$2.92, reaching their highest level since April 30, 2024
** Stock hits biggest intraday pct gain since June 16, 2025
** The commercial recreational vehicle rental operator says it received an unsolicited, conditional, non-binding takeover offer from a consortium of BGH Capital and family interests of Luke and Karl Trouchet
** Says the revised offer is an all-cash one at NZ$3.1/share, marking a 40.9% premium as of co's last close and higher than the previous offer price of NZ$2.3/share
** Says board unanimously recommend shareholders accept the proposal
** However, in a seperate release, the co says it expects FY26 underlying net profit after tax (NPAT) to be in range of NZ$40 mln-NZ$43 mln ($23.77 million-$25.55 million), down from NZ$43 mln-NZ$47 mln previously announced
** Says impacted by effects of the current Middle East conflict on vehicle sales
** YTD, stock up 10.1%
($1 = 1.6827 New Zealand dollars)
(Reporting by Aamir Sheik Khalid in Bengaluru; editing by Alan Barona)
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