Jurys’ share price rises on expectation of challenge to Precinct offer

JURYS DOYLE shares hit €18 per share in early trading yesterday, raising expectations of a challenge to the Precinct bid of €17.50.

It is understood that key institutional shareholders were offered €17.80 per share for their holdings on Tuesday. They rejected the offers, expecting the battle for Jurys to heat up with at least one other bidder due to enter the market.

Analysts last night said that was the clear implication of the continuing rise in the share price of the country’s largest hotel chain.