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DUBLIN - Shareholders of Dalata Hotel Group plc have overwhelmingly approved the recommended cash offer by Pandox Ireland Tuck Limited, a joint venture between Pandox AB and Eiendomsspar AS, according to a company statement released Thursday.
At the scheme meetings and extraordinary general meeting held today, Dalata shareholders voted strongly in favor of all resolutions required to advance the acquisition. The consortium shares vote saw 100% approval with 89.34% of eligible shares participating, while the remaining scheme shareholders approved the deal with 99.87% voting in favor.
The acquisition will be implemented through a scheme of arrangement under Irish law. All seven resolutions at the extraordinary general meeting passed with at least 97.73% approval.
Completion of the transaction remains subject to court sanction at a hearing expected to be scheduled for October 2025. The companies will announce the court hearing date once it has been fixed.
Dalata Hotel Group is being advised by Rothschild & Co as financial adviser, with Berenberg and Davy serving as joint corporate brokers. FTI Consulting is acting as communications adviser to the company.
The acquisition was first announced on August 12, 2025, when the scheme document was issued to shareholders. The statement did not disclose the financial terms of the transaction.
This article is based on information contained in a press release statement from Dalata Hotel Group.
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