Tourism Holdings Limited Announces Strategic Co-operation Agreement

Tourism Holdings Limited ( (AU:THL) ) has shared an update.

Tourism Holdings Limited (THL) has announced a change in the nature of its substantial holding due to a co-operation and exclusivity agreement with 5382917 Limited (SPV). The agreement involves the Trouchet Shareholders, who have agreed to collaborate with SPV to potentially acquire THL’s shares or assets through various transaction structures, including a takeover offer. This agreement, which restricts the Trouchet Shareholders from selling their shares without SPV’s consent, could significantly impact THL’s operational dynamics and market positioning.

The most recent analyst rating on (AU:THL) stock is a Hold with a A$2.02 price target. To see the full list of analyst forecasts on Tourism Holdings Limited stock, see the AU:THL Stock Forecast page.

More about Tourism Holdings Limited

Tourism Holdings Limited (THL) operates in the tourism industry, primarily offering rental and sales of recreational vehicles, as well as tourism experiences and services. The company focuses on providing travel solutions and experiences across New Zealand, Australia, and the United States.

Average Trading Volume: 35,190

Technical Sentiment Signal: Sell

Current Market Cap: A$298.9M

See more data about THL stock on TipRanks’ Stock Analysis page.