Tourism Holdings (THL NZ/THL AU): BGH/Trouchet Consortium Return with a Revised NBIO at NZ$3.10
The offer warrants engagement, as it meets the Board's previous valuation assertion that THL is worth “well north of NZ$3.00 per share” and is...
104 Views
Tourism Holdings (THL NZ/AU): BGH & Trouchet Family Return To The Well
This Offer is less opportunistic. And key shareholders are supportive. THL should engage. If small, illiquid, non-binding arbs, are your bag, I'd...
106 Views
Asia-Pac M&A [May 2026 Wrap]: Vault Minerals, Kakaku.com, Nippon Dry Chemical, Paltac Corporation
The average premium for the new transactions announced (or first discussed) in May was ~57%, and a year-to-date average of 48%.
92 Views
Merger Arb Mondays (01 Jun) - Taiyo, Kodensha, Shinko Shoji, Atlas, Qoria, OOh!media, Tourism Hldgs
I summarise the latest spreads and newsflow for the merger arb situations we cover across Hong Kong, Australia, NZ, Singapore, Japan, Indonesia,...
95 Views
BGH Seeks To Steer Tourism Holdings (THL NZ) Out Of A Rut
The Offer price is opportunistic. Covid, immigration, tariffs: there is never a dull moment. Trading at terms. This needs at least 10-15% from the...
353 Views