Tourism Holdings shareholders give $69.5M merger the nod

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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