Tourism Holdings profit warnings make bid look more tempting

Tourism Holdings profit warnings make bid look more tempting
A board sub-committee is considering and assessing the merits of the non-binding offer. (Image: Tourism Holdings)
Rebecca Howard
Shares in Tourism Holdings may be returning to a level where an indicative all-cash offer of $2.30 a share is starting to look more attractive.The shares were hovering around the $2-mark late on Tuesday, down around 30 cents since the company said it had received a non-binding offer from a consortium led by BGH Capital and the family interests of executive director Luke Trouchet to acquire all shares at $2.30 per shares.The price was a 57.5% premium and the shares promptly rose to match it.At the time, analysts said the price was opportunistic...

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