Tourism Holdings' (THL) proposed acquisition of Apollo Tourism & Leisure (ATL) will provide greater cost synergies than previously announced; Pre-tax annual EBIT synergy guidance in the updated ATL scheme booklet is for NZ$23m–NZ$24m, up from NZ$17m–NZ$19m when the deal was first announced last year
SUMMARY
(Sign Up to Access)
Get started on the Smartkarma Research Network with a complimentary Preview Pass to:
Unlock all research summaries
Follow top, independent analysts
Receive personalised alerts and emails
Access Briefings, Analytics, and Events
Upgrade anytime to our paid plans for full-length research, real-time analyst discussions, and more.
Join a thriving community of 45,000+ investors, including the top global asset managers managing over $13trn in assets.