MFS on track for 70pc acceptances

MFS Living and Leisure now holds 62.43 per cent of takeover target Tourism Holdings and is on track for 70 per cent, says chief executive Marshall Vann.

"We're up towards 70 but, obviously, they're people who've indicated intentions who may not have gone public on them nor got an acceptance form in yet," Vann said, adding the $2.80 a share offer looked like going down to the wire.

The offer closes on Saturday and is conditional on 90 per cent acceptance, when remaining shares could be compulsorily acquired.