Dalata Hotel Group rebuffs Pandox Consortium’s takeover bid

Published 03/06/2025, 15:14
Dalata Hotel Group rebuffs Pandox Consortium’s takeover bid

DUBLIN - Dalata Hotel Group PLC (ISE:DHG, LSE: DAL), a prominent hotel operator, has unanimously rejected a non-binding proposal from Pandox AB and Eiendomsspar AS, collectively known as the Pandox Consortium. The offer was to acquire all issued and to be issued share capital of Dalata for 605 cents per share, which the Board believes significantly undervalues the company and its future prospects.

The Board, alongside its advisers, has been conducting a Formal Sales Process (FSP) since March 6, 2025, as part of a Strategic Review aimed at enhancing shareholder value and optimizing capital opportunities. The Pandox Consortium, which is not part of the FSP having declined to participate, now has until 5:00pm on July 15, 2025, to either announce a firm intention to make an offer in compliance with the Irish Takeover Rules or to declare no intention to bid, as per the Irish Takeover Panel’s regulations.

Dalata continues to engage in discussions with several parties who have expressed initial interest in the FSP. These ongoing talks are part of the company’s commitment to its Strategic Review, with further announcements to be made as deemed appropriate.

The Board has advised shareholders to take no action in relation to the Pandox Possible Offer. The announcement by Dalata is based on a press release statement and does not indicate any firm offer or guarantee that a transaction will occur as a result of the FSP. The hotel group remains in an offer period as defined by the Irish Takeover Rules.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.