Dalata Hotel Group Rejects Offer From Pandox Consortium

Pandox consortium proposes to buy Ireland's Dalata Hotel group for €1.3bn

Firms operates Maldron and Clayton hotels across Ireland, the UK and Europe

Dalata Hotel Group rejects offer from Pandox consortium

Dalata Hotel Group has today rejected a €1.3 billion takeover offer from Scandinavian property companies Pandox and Eiendomsspar.

Dalata Draws a Line in the Sand, Spurning Pandox’s “Low-Ball” Bid

In a firm show of resolve, Dalata Hotel Group has slammed the door on an unsolicited €6.05-per-share cash approach from the Pandox–Eiendomsspar partnership, branding the proposal a glaring undervaluation of Ireland’s largest hotel operator.

Scandinavian Consortium Considering €1.3bn Takeover of Dalata Hotel Group

A consortium comprising Swedish hotel owner Pandox and Norwegian property company Eiendomsspar has proposed a potential €1.3bn takeover offer for Ireland’s largest hotelier, Dalata Hotel Group – which owns the popular Clayton and Maldron chains. Dalata operates its core brands across Ireland, the UK and has recently started expanding into mainland Europe with openings in Germany, the Netherlands and Spain. Dalata started a strategic review of it…