Ballylinch LP partial takeover offer falls short
Ballylinch LP's partial takeover offer of Tourism Holdings Limited did not achieve the 50% of voting rights necessary to make the offer unconditional
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Ballylinch LP has announced its partial takeover offer for Tourism Holdings Limited fell short of achieving the 50% of voting rights necessary for the offer to become unconditional.
The offer period is now closed, and Ballylinch LP did not achieve the required acceptances needed.
The company was Tourism Holdings Limited’s largest shareholder, a spokesman for THL said, at just under 20% of the company. He said to make another offer, Ballylinch LP would have to through the entire offer process.
“So no, the offer’s closed now.”
Alex Walls
Wed, 11 Jul 2018
Wed, 11 Jul 2018
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Ballylinch LP partial takeover offer falls short
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