Tourism Holdings shareholders give $69.5M merger the nod

Fri, 19 Oct 2012

By Paul McBeth Oct 19 (BusinessDesk) - Shareholders in rental campervan operator Tourism Holdings threw their weight behind a $69.5 million merger with rivals United Campervans and KEA Campers at a special meeting in Auckland today. The cash-and-scrip deal got more than 90 percent approval and the new entity will be operating within a matter of weeks, chief executive Grant Webster told BusinessDesk after the meeting. With shareholders' approval, Tourism Holdings will complete the deal on Oct. 31. The enlarged Tourism Holdings' market share...

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