A number of directors of Jurys Doyle Hotel Group have formally signalled their 'entry into an irrevocable undertaking' with JDH Acquisitions, the group of investors who have made a bid worth €1.25 billion for the hotel group.
The forms were submitted to the Irish Stock Exchange today after the members of the board signalled their support for the JDH bid last week. Those directors are David Kennedy, Peter Malone, Richard Hooper, Paul MacQuillan, Pat McCann, Niall Geoghegan and Brian Collie.
JDH Acquisitions owns 46.25% of Jurys shares.
JDH made its formal offer for the hotel chain last Wednesday. It said it would pay €18.90 in cash for each Jurys Doyle share.
