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Tourism Holdings rejects $2.30 per share takeover bid, citing higher company valuation.
Tourism Holdings, a New Zealand-based tourism and campervan rental company, rejected a $2.30 per share takeover bid from BGH Capital, stating their company is worth more than $3.00 per share.
Despite a 36% drop in interim net profit, THL reported increased sales and outlined a growth plan to reach a $100 million net profit within three to four years.
The company's share price spiked after the takeover bid announcement.
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Tourism Holdings rechaza $2.30 por oferta de adquisición de acciones, citando mayor valoración de la compañía.