Tourism Holdings appoints advisers for takeover offer
Tourism Holdings has formed a board subcommittee and appointed advisers to handle the partial takeover offer from Ballylinch.
Tourism Holdings has formed a board subcommittee and appointed advisers to handle the partial takeover offer from Ballylinch.
The subcommittee includes independent directors Keith Smith, Rick Christie, Graeme Wong and John Bongard. Mr Smith will chair the board subcommittee.
The company has also appointed Simmons Corporate Finance to prepare the Independent Adviser's Report as required under rule 21 of the Takeovers Code.
The appointment has been approved by the Takeovers Panel.
Ballylinch said last week it already owned 19.1% of the ordinary shares in Tourism Holdings and intended to make a partial takeover offer to acquire 40.85% of the ordinary shares and redeemable shares that it did not own.
It was offering 67.5c for each ordinary share. Tourism Holdings' share price has ranged between $1 and 55c in the past year.
NBR staff
Tue, 19 Apr 2011
Tue, 19 Apr 2011
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Tourism Holdings appoints advisers for takeover offer
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