Gresham bidders given deadline by takeover panel

The consortium at the centre of the Gresham Hotel bid must decide its next move by 5pm on Friday, January 16.

Gresham bidders given deadline by takeover panel
Wed, 07 Jan, 2004 - 14:40

The consortium at the centre of the Gresham Hotel bid must decide its next move by 5pm on Friday, January 16.

The Irish Takeover Panel ruled today that the so far unnamed consortium must either increase its offer or remove an 80% shareholder acceptance clause to allow the matter to proceed.

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