Tourism Holdings (thl) has received an unsolicited, conditional, non-binding indicative proposal from a consortium of BGH Capital and the family interests of Luke and Karl Trouchet to acquire all the shares in the company.
The proposal, which was received on June 15, 2025, includes an indicative all-cash offer of $2.30 per share.
However, it is subject to certain conditions, including the completion of due diligence, finalisation of debt arrangements, and BGH receiving final approval from its Investment Review Committee.
The proposal also requires thl's board to unanimously recommend shareholders accept it, in the absence of a superior proposal.
The consortium is open to considering a transaction structure that results in a controlling interest but does not require 100% ownership of the company.
Thl has established a board subcommittee to assess the merits of the proposal and has appointed financial and legal advisors.
The company said there is no certainty that the proposal will result in a transaction.
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