Jurys shareholders play the waiting game as Precinct receives bid extension

David Clerkin

The Irish Takeover Panel granted an extension to its latest deadline, which was due to expire yesterday, after the Jurys board agreed to Precinct’s request for more time to conduct due diligence.

Precinct, which owns the rival Gresham hotel group and has indicated it is prepared to pay up to E1.1bn for Jurys, would have been forced to make a formal bid or walk away for 12 months if the extension had not been granted.