Tourism Holdings says takeover bid is opportunistic and undervalued

Tourism Holdings says takeover bid is opportunistic and undervalued
The Tourism Holdings board says the value of the company is “well north of $3.00 per share”. (Image: Tourism Holdings)
Rebecca Howard
Tourism Holdings says an unsolicited indication of interest from a consortium to buy it for $2.30 a share is an “opportunistic and undervalued offer”.“Based on careful consideration and external analysis, the board has come to the view that the value of the company is well north of $3.00 per share,” it said in a release to the NZX on Monday morning.In June, it received the unsolicited, conditional, non-binding indication of interest from a consortium comprising BGH Capital and the family interests of Luke and Karl Trouch...

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