THE Gresham Hotel is in play for a possible €100m-plus takeover bid, the Irish Takeover Panel ruled yesterday when they deemed the company to be “in an offer period” for the purposes of disclosures by any of the parties involved.

Gresham Hotel Group PLC said it has today received a requisition from shareholders holding not less than 10% of the company's shares calling for an extraordinary general meeting to remove four directors from the board.