Search
The Caterer

Bidding war continues for Jurys Doyle

16 August 2005
Bidding war continues for Jurys Doyle

The likelihood of another investor entering the bidding war for Irish hotel group Jurys Doyle is growing, according to market speculation.

As the deadline looms for the Reuben brothers-led-consortium, Precinct, to make a firm offer for the chain (Friday), another Irish property investor, Quinlan Private, has indicated it may make a counter bid.

Quinlan confirmed it had not approached Jurys Doyle yet, but admitted it was "currently reviewing a number of acquisition opportunities", and this included the Jurys Doyle portfolio.

Shares at the start of the week were consistently trading at about €17.70 (£12.06), above the €17.50 (£11.93) Precinct is currently offering for the group. This has sparked speculation that offers to shareholders may rise still further before any deal for the company is agreed by the board.

Jurys will decide whether to accept any offer at an extraordinary general meeting on 27 September.

If Precinct's offer is accepted, Sean Dunne's bid for the Ballsbridge site, which was recently accepted by the Jurys board, may be terminated.

Buy this week's Caterer magazine for more industry news and analysis

The Caterer Breakfast Briefing Email

Start the working day with The Caterer’s free breakfast briefing email

Sign Up and manage your preferences below

Thank you

You have successfully signed up for the Caterer Breakfast Briefing Email and will hear from us soon!

Jacobs Media Group is honoured to be the recipient of the 2020 Queen's Award for Enterprise.

The highest official awards for UK businesses since being established by royal warrant in 1965. Read more.