Tourism Holdings Grants Due Diligence Access to BGH-Trouchet Consortium

Tourism Holdings (ASX:THL, NZE:THL) entered into a confidentiality agreement with a consortium led by BGH Capital and the family interests of Luke and Karl Trouchet, enabling due diligence on a potential acquisition at an indicative all-cash offer of at least NZ$3.10 per share, according to Friday filing with the New Zealand bourse. The company said granting due diligence access does not mean board support or a commitment to a deal, adding that there is no assurance that either the consortium's revised offer or a strategic buyer's proposal will result in a transaction. The company added that shareholders are not required to take any action at this stage.