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1.25bn euro bid from Doyle daughters

13 Oct 2005

The Jurys Doyle Hotel Group has announced that it has agreed the terms of a recommended cash offer with JDH Acquisitions – a consortium led by the three daughters of the company’s founder.

The offer of 18.90 euro per share values the group at around 1.25bn euro.

The consortium – which has a total of five members – already owns 45.2 per cent of Jurys Doyle and intends to continue to operate the business in the hotel sector. Details: www.jurysdoyle.com

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