Trade halt on THL shares

A halt has been placed on trading in shares of Tourism Holdings Ltd (THL) so MFS Living and Leisure can conduct a book build on the sale of its stake in the company.

Earlier this year Queensland-based MFS made an unsuccessful $2.80 a share takeover bid for THL, falling seven percentage points short of the 90 per cent acceptance it had sought when the offer closed in July. The trading halt was at THL's request.

Shares in THL were unchanged at $2.35 for the day before the halt, having ranged between $2.80 and $1.75 in the past year. At yesterday's share price of $2.35 THL was valued at $230.7 million.