The board of Jurys Doyle Hotel Group was coming under pressure this weekend from large shareholders to engage at least in preliminary discussions with Precinct, the Irish consortium behind a €1.04 billion takeover approach.
It follows a decision by the takeover panel on Friday to extend the deadline to July 29 for Precinct to announce a formal offer for the hotel group or announce that it would not proceed with an offer.
Precinct submitted a revised...
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