Search
The Caterer

Jurys receives new improved offer

14 July 2005
Jurys receives new improved offer

Precinct Investments, owner of Gresham hotels, yesterday improved its offer for the Jurys Doyle Hotel Group having being rebuffed twice before.

The group has pledged €16.50 per share (£11.33), 25 cents more than its last offer, representing a 32% premium on the Irish hotel group's share value before the current offer period commenced.

Precinct's directors said they were confident they could deliver an attractive offer to all the shareholders of Jurys Doyle.

Precinct has previously offered €16.25 (£10.97) and €15.25 (£10.37) per ordinary share for the 33-strong hotel chain.

The offers were rejected because they undervalued the company, according to Jury's board of directors.

Jurys Doyle has hotels in Ireland, the UK and USA.

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.