THL Announces Additional NBIO and BGH Engagement Update
Key points
- Received additional non-binding indicative offer (Additional NBIO) from a credible strategic buyer.
- Additional NBIO is at NZ$3.30 to NZ$3.40 per share, subject to conditions.
- Negotiations ongoing with BGH Consortium for due diligence access.
Full summary
Tourism Holdings Limited (NZX:THL, ASX:THL, 'thl' or 'the Company') has received an additional non-binding indicative offer (Additional NBIO) from a party considered credible by the Board for the acquisition of 100% of the shares in the Company. The offer is at an indicative price of NZ$3.30 to NZ$3.40 per share, subject to conditions including due diligence, Board approval, and regulatory approvals. The Board has agreed to provide due diligence access under a confidentiality agreement. The Board is also in negotiations with the BGH Consortium regarding a confidentiality agreement for due diligence access. Shareholders do not need to take immediate action.
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