Tourism Holdings jumps 57.5% on buyout offer, lifts NZX 50

Tourism Holdings jumps 57.5% on buyout offer, lifts NZX 50
THL helped the NZX 50 rise 1.09%. (Image: Supplied)
Gregor Thompson
A bid to take over Tourism Holdings has given the benchmark a boost in what otherwise would have been a quiet day on the New Zealand share market. The S&P/NZX 50 was up 1.07% to 12,690.130 points with gainers outnumbering decliners 53 to 41. Trading volumes were dominated by Tourism Holdings (THL), which disclosed it had received an unsolicited, conditional, non-binding indicative offer (NBIO) before the market opened.  Of the $147.1 million in value traded across the main board, over $50m was in THL shares. Another buyo...

More Markets

Fonterra bright spot as NZX 50 lifts 0.2%
Markets Market Close

Fonterra bright spot as NZX 50 lifts 0.2%

Infratil is quickly approaching the $12 mark for the first time since January.

Gregor Thompson 29 Jul 2025
Cannasouth heading for liquidation, receiver says
Primary Sector

Cannasouth heading for liquidation, receiver says

General security agreement holders are owed over $2.53m.

Gregor Thompson 29 Jul 2025
Forsyth Barr says Mercury Capital eyeing up 25-30% stake
Markets

Forsyth Barr says Mercury Capital eyeing up 25-30% stake

The offer is subject to shareholder approval and other condition.

Rebecca Howard 29 Jul 2025
Coal fight: Talley's vs Bathurst Resources
Markets Part One

Coal fight: Talley's vs Bathurst Resources

Why is food group Talley's trying to sue coal miner Bathurst Resources?

Pattrick Smellie 29 Jul 2025