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Here are the most actively traded stocks on New Zealand's Exchange on Wednesday.Tourism Holdings (NZE:THL): 3.2 million sharesSpark New Zealand (NZE:SPK): 1.4 million sharesStride Property Group (NZE:SPG): 827,060 sharesAir New Zealand (NZE:AIR): 571,327 sharesVulcan Steel (NZE:VSL): 562,340 shares
Tourism Holdings (ASX:THL, NZE:THL) granted due diligence access to a consortium comprising BGH Capital and the family interests of Luke and Karl Trouchet for a proposed acquisition of the company, according to a Friday filing with the Australian and New Zealand bourses.The consortium has proposed to acquire Tourism Holdings at an indicative all-cash offer price of NZ$3.10 per share.The company said it granted the due diligence access after the consortium confirmed it was willing to hold its offer at that price level following a cut to Tourism Holdings' fiscal year 2026 underlying net profit after tax guidance.Tourism Holdings will continue to work with the consortium on a potential deal, but warned that the decision to grant due diligence access does not constitute a recommendation on the offer.The company's Australia-listed shares gained 6% in recent Friday trade.
Tourism Holdings (NZE:THL, ASX:THL) has an average rating of overweight and mean price target of NZ$3.08, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Tourism Holdings (ASX:THL, NZE:THL) appointed Kylie Elsom as chief people and capability officer, effective September, according to a Tuesday filing with the Australian and New Zealand bourses.Elsom most recently worked at Pie Funds New Zealand, the filing added.
Tourism Holdings (NZE:THL, ASX:THL) has an average rating of overweight and mean price target of NZ$3.21, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)
Here are the NZX-listed companies with the biggest gains on Friday.Tourism Holdings (NZE:THL): +22%, NZ$2.69Santana Minerals (NZE:SMI): +9%, NZ$0.68Green Cross Health (NZE:GXH): +5%, NZ$1.51EROAD (NZE:ERD): +5%, NZ$1.04Pacific Edge (NZE:PEB): +4%, NZ$0.28Michael Hill International (NZE:MHJ): +3%, NZ$0.40Serko (NZE:SKO): +3%, NZ$1.64Precinct Properties NZ (NZE:PCT): +2%, NZ$1.03PGG Wrightson (NZE:PGW): +2%, NZ$2.09Auckland International Airport (NZE:AIA): +2%, NZ$8.36
Here are the most actively traded stocks on New Zealand's Exchange on Friday.Stride Property (NZE:SPG): 1.3 million sharesVital Healthcare Property Trust (NZE:VHP): 955,155 sharesNZX (NZE:NZX): 943,788 sharesRyman Healthcare (NZE:RYM): 800,212 sharesTourism Holdings (NZE:THL): 699,829 shares
(Updates with the stock movement in the headline and last paragraph.)Tourism Holdings (ASX:THL, NZE:THL) said it has received a revised unsolicited, conditional and non-binding takeover approach from a consortium comprising BGH Capital and the family interests of Luke and Karl Trouchet, according to a Friday filing with the Australian and New Zealand bourses.The consortium currently owns nearly 20% of the company's shares, per the filing.The proposal values the company at NZ$3.10 per share in cash and remains subject to several conditions, including due diligence, financing arrangements, regulatory approvals, and unanimous board approval, the filing said.Shareholders representing about 16% of the company shares support engagement with the consortium and due diligence access, while the board said it will assess the proposal in shareholders' best interests and noted there is no certainty a deal will proceed, the filing added.In a separate filing, the company lowered its fiscal 2026 underlying net profit after tax forecast to NZ$40 million to NZ$43 million from NZ$43 million to NZ$47 million, citing global travel disruptions, weak consumer confidence, softer Australian rental demand, Middle East conflict impacts on vehicle sales, and foreign exchange headwinds.The company also raised its net debt forecast at June 30 to NZ$460 million to NZ$470 million from below NZ$400 million, citing weaker vehicle sales, adverse foreign exchange movements, and working capital pressures, according to a separate filing.Shares of Tourism Holdings surged 28% in Australia in recent Friday activity. Its Kiwi shares climbed 22% and earlier hit their highest since April 2024.
Tourism Holdings (ASX:THL, NZE:THL) said it has received a revised unsolicited, conditional and non-binding takeover approach from a consortium comprising BGH Capital and the family interests of Luke and Karl Trouchet, according to a Friday filing with the Australian and New Zealand bourses.The consortium currently owns nearly 20% of the company's shares, per the filing.The proposal values the company at NZ$3.10 per share in cash and remains subject to several conditions, including due diligence, financing arrangements, regulatory approvals, and unanimous board approval, the filing said.Shareholders representing about 16% of the company shares support engagement with the consortium and due diligence access, while the board said it will assess the proposal in shareholders' best interests and noted there is no certainty a deal will proceed, the filing added.In a separate filing, the company lowered its fiscal 2026 underlying net profit after tax forecast to NZ$40 million to NZ$43 million from NZ$43 million to NZ$47 million, citing global travel disruptions, weak consumer confidence, softer Australian rental demand, Middle East conflict impacts on vehicle sales, and foreign exchange headwinds.The company also raised its net debt forecast at June 30 to NZ$460 million to NZ$470 million from below NZ$400 million, citing weaker vehicle sales, adverse foreign exchange movements, and working capital pressures, according to a separate filing.
