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Tourism Holdings Profit Boost and Takeover Bids | Auckland News
Tourism Holdings just boosted its profit forecast for the year — the second time in months — fueled by a booking surge, strong New Zealand vehicle sales, and favorable interest rates. Net debt came in lower than expected at $436 million, partly due to timing, but still a positive sign amid two competing takeover offers: one at $3.10/share from BGH Capital and the Trouchet family, and another at $3.30–$3.40/share from a mystery industry player. Forward bookings are soaring, especially in North America (up over 50% from the U.S.), with Australia and New Zealand rebounding. Due diligence remains…
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