Fresh bid for Jurys puts value past E1bn

Brian O’Mahony, Chief Business Correspondent

Analysts said it would take a bid of over 1bn to gain control of the business, which operates 32 hotels across Ireland, Britain and America.

Confirming the latest developments, the board of Jurys Doyle said it had received a further “unsolicited approach” from Gresham Group owners Precinct Investments Ltd at a price of E16.25 per share, which may or may not lead to an offer for the company.