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DUBLIN - The High Court of Ireland has sanctioned the scheme of arrangement for the acquisition of Dalata Hotel Group plc (ISE:DAL, LSE:DHG) by Pandox Ireland Tuck Limited, a company jointly owned by Pandox AB and Eiendomsspar AS, according to a press release issued Wednesday.
The cash acquisition, which was unanimously recommended by Dalata’s board, is expected to become effective on November 7, 2025, following the delivery and registration of the court order with the Registrar of Companies.
November 6 is expected to be the final trading day for Dalata shares on Euronext Dublin and the London Stock Exchange. The company’s shares will be delisted from both exchanges by 7:00 a.m. on November 10.
All consideration payments to Dalata shareholders are expected to be distributed by November 21, in accordance with Irish Takeover Rules.
The acquisition is being implemented through a scheme of arrangement under Chapter 1 of Part 9 of the Companies Act 2014, which required court approval as the final major regulatory step.
Dalata Hotel Group, which operates hotels across Ireland and the UK, has been advised by Rothschild & Co as financial adviser, with Berenberg and Davy serving as joint corporate brokers. The Pandox-Eiendomsspar consortium has been advised by Goodbody as financial adviser.
The companies did not disclose the financial terms of the transaction in the press release statement.
Trading in Dalata shares will continue until market close on November 6, with the cancellation of admission to trading occurring shortly after the acquisition becomes effective.
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