Jurys Doyle bid agreed to by consortium

A family consortium owning more than 40% of Jurys Doyle has launched a €1.25bn takeover bid for the hotel group, it was announced today.

JDH Acquisitions, which represents members of the Doyle family, said it would pay €18.90 per share, a premium of 41.5% over Jurys’ closing share price on May 6, the day before takeover rumours first emerged.