NASDAQ:ANGH

Stock Market Today

  • Tourism Holdings Ltd Shares Surge Over 30% Following Takeover Talks
    May 28, 2026, 10:31 PM EDT. Shares of Tourism Holdings Ltd (ASX: THL) surged more than 30% in early trade after Queensland businessmen Luke and Karl Trouchet, along with private equity firm BGH Capital, made a renewed all-cash takeover offer. The NZ$3.10 per share bid marks a significant increase from the NZ$2.30 offer rejected last August. The offer remains non-binding and subject to satisfactory due diligence, debt arrangements, and board approval. THL also lowered its FY26 profit guidance to NZ$40-43 million due to global travel disruptions and geopolitical factors impacting vehicle sales. Despite uncertainties, the company maintains a robust balance sheet. Shareholders holding 16% support ongoing engagement with the consortium.