Consortium controls 96% of Jurys' shares
JDH Acquisitions, the group headed by three daughters of hotelier PV Doyle, told the stock exchange it had extended the deadline for the remaining shareholders to accept its €18.90 per share offer, which values the group at €1.25 billion, until November 23.
The group, whose key members were represented by five seats on the Jurys board before its offer was made, said it received acceptance notices from over 10% of shareholders. This meant it either owned or had received acceptance notices in respect of all but 4% of the outstanding shares. Shareholders with a further 0.5% stake had given irrevocable notices saying they would sell their shares to the consortium.
