€1.25bn Jurys takeover bid values shares at €18.90 each

THE €1.25 billion takeover cash offer for Jurys Doyle Hotel Group was sent to shareholders yesterday which values the shares at €18.90 each.

Acceptances have to be in by no later than 3pm on November 16. JDH Acquisitions controlled by the Doyle family and their associates needed just 50% plus one share to take control of the business.

The offer document says they have control or acceptances for over 56% of the equity which means the takeover goes ahead as intended.