15 Jun 2011

Takeover offer extended

6:05 am on 15 June 2011

A partial takeover offer for Tourism Holdings has been extended until the end of July.

Ballylinch, which has a 19% stake in the tourism operator and campervan rental company, is offering 67.5 cents per share to boost its stake by another 41% and gain majority control.

Independent directors are recommending shareholders reject the offer, saying it's too low.