Precinct bid hit with double whammy

PRECINCT’S €1.1 billion plus bid for the Jurys Doyle Group of hotels was dealt a double blow last night.

In a dramatic move the Jurys Doyle board withdrew from the due diligence because Anglo Irish Bank pulled its backing for the offer.

In a separate move last night, developer Sean Dunne increased his stake in the company to 18.23% up from 3.4%.