Tourism Holdings Limited Receives Acquisition Proposal from BGH Capital Consortium

Tourism Holdings Limited ( (AU:THL) ) just unveiled an announcement.

Tourism Holdings Limited has received an unsolicited, non-binding offer from a consortium led by BGH Capital and the Trouchet family to acquire all shares in the company. The offer is conditional on several factors, including due diligence and board recommendation. BGH Capital has already acquired a 19.99% stake in thl, and the board has set up a subcommittee to evaluate the proposal. The company is also working on initiatives to improve long-term shareholder value amid recent performance challenges.

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 focusing on the provision of recreational vehicles and related services. The company is listed on both the NZX and ASX, and it has been addressing challenges such as poor consumer confidence and geopolitical factors affecting travel sentiment.

Average Trading Volume: 35,190

Technical Sentiment Signal: Sell

Current Market Cap: A$298.9M

For an in-depth examination of THL stock, go to TipRanks’ Overview page.