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Dalata Hotel ( (GB:DAL) ) just unveiled an update.
Dalata Hotel Group PLC announced that Pandox Consortium has acquired a 0.8% stake in the company, purchasing 1,698,112 shares at €6.30 per share. Despite this acquisition, the Board of Dalata rejected a previous non-binding proposal from the Pandox Consortium, which offered €6.05 per share, as it undervalued the company. The Board continues to explore other offers through its Formal Sales Process, while shareholders are advised to take no action regarding the Pandox announcement. The Pandox Consortium has until July 15, 2025, to make a firm offer or withdraw its interest.
More about Dalata Hotel
Dalata Hotel Group PLC is a prominent player in the hospitality industry, primarily operating hotels. The company is listed on both the Irish Stock Exchange and the London Stock Exchange, and it focuses on expanding its market presence through strategic acquisitions and partnerships.
See more insights into DAL stock on TipRanks’ Stock Analysis page.