Jurys rebuffs Precinct’s €1bn takeover offer

JURYS DOYLE last night rebuffed the latest takeover offer for the hotel chain.

In a brief statement to the stock exchange, Jurys said the offer by Precinct, the investment vehicle controlled by a group of property developers and hoteliers, did not reflect the full worth of the company.

“The board has now rejected the approach as, in the opinion of the board, it remains preliminary in nature, fails to reflect fully the value of Jurys Doyle and its prospects and the approach is subject to a number of preconditions which the board believes are not capable of being satisfied,” it said.