U.S. stock futures slip lower on waning rate cut bets; Applied Materials falls
DUBLIN - Dalata Hotel Group plc’s acquisition by Pandox Ireland Tuck Limited became effective Friday as the scheme of arrangement received final approval, marking the completion of the takeover process.
The acquisition, conducted by a newly-formed company jointly owned by Pandox AB and Eiendomsspar AS, was implemented through a cash offer for the entire issued and to be issued share capital of Dalata, excluding treasury shares and shares already owned by the bidder.
According to the announcement, all consideration payments to Dalata shareholders will be distributed by November 21, 2025, in accordance with Irish Takeover Rules.
Dalata shares are expected to be delisted from both Euronext Dublin and the London Stock Exchange by 7:00 a.m. on Monday, November 10, with the company also being removed from the Official Lists of Euronext Dublin and the UK Financial Conduct Authority.
The acquisition follows the recommendation of the scheme by Dalata’s board, with the formal scheme document having been issued on August 12, 2025.
Dalata Hotel Group, which operates hotels across Ireland and the UK, was advised by Rothschild & Co as financial adviser, with Berenberg and Davy serving as joint corporate brokers. The acquiring consortium received financial advice from Goodbody Stockbrokers.
The announcement did not disclose the financial terms of the transaction.
This article is based on a press release statement from the companies involved in the transaction.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.