Bullish indicating open at $55-$60, IPO prices at $37
DUBLIN - BlackRock (NYSE:BLK), Inc. has disclosed a 2.5% stake in Dalata Hotel Group plc, according to a regulatory filing made Tuesday with the Irish Takeover Panel.
The investment management firm reported holding interests in 5,288,915 shares, representing 2.5% of Dalata’s relevant securities. This position includes 5,176,096 owned and/or controlled shares (2.44%) and 112,819 shares (0.05%) through cash-settled derivatives.
BlackRock also disclosed short positions of 1,194,842 shares (0.56%) through cash-settled derivatives.
The disclosure, made under Rule 8.3 of the Irish Takeover Panel Act, is required for entities with interests in relevant securities representing 1% or more during an offer period.
The filing indicates a transfer in of 398 shares occurred, though no price was specified for this transaction.
Dalata Hotel Group is Ireland’s largest hotel operator with a portfolio of properties across Ireland and the United Kingdom (TADAWUL:4280) operating primarily under the Clayton and Maldron brands.
The disclosure was made in accordance with Irish takeover regulations, which require transparency regarding significant shareholdings during potential acquisition periods. The information was provided in a Form 8.3 filing dated June 10, 2025.
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