thl grants due diligence access to BGH Consortium
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| Stock | Tourism Holdings Rentals Ltd (THL.ASX) |
|---|---|
| Release Time | 12 Jun 2026, 3:11 p.m. |
| Price Sensitive | Yes |
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THL Grants Due Diligence Access to BGH Consortium
Key Points
- BGH Consortium maintains Revised NBIO at NZ$3.10 per share
- THL Board grants due diligence access to BGH Consortium
- THL Board will continue to assess intrinsic value
- No recommendation for change of control transaction yet
Full Summary
Tourism Holdings Limited (THL) has granted due diligence access to a consortium led by BGH Capital and the Trouchet family, following a revised unsolicited, conditional, non-binding indication of interest (NBIO) at NZ$3.10 per share. The consortium has confirmed its offer, contingent on THL granting due diligence access. THL's board has agreed to this condition, subject to a confidentiality agreement. However, THL is not yet in a position to recommend a change of control transaction. The board will continue to assess THL's intrinsic value and keep shareholders informed.
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