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The latest update is out from Dalata Hotel ( (GB:DAL) ).
Dalata Hotel Group PLC has rejected a non-binding cash offer from the Pandox Consortium, which valued the company’s shares at 605 cents each. The board deemed the offer insufficient, asserting that it undervalues the group’s prospects. Dalata is currently engaged in a Formal Sales Process as part of a Strategic Review to optimize capital opportunities and enhance shareholder value. The company continues to engage with multiple parties interested in acquiring its share capital, excluding Pandox, which opted out of the process. Stakeholders are advised not to act on the Pandox offer as the company remains in an offer period under the Irish Takeover Rules.
More about Dalata Hotel
Dalata Hotel Group PLC is a prominent player in the hospitality industry, primarily focusing on hotel operations and management. The company is listed on both the Irish Stock Exchange and the London Stock Exchange, indicating its significant presence in the market.
For an in-depth examination of DAL stock, go to TipRanks’ Stock Analysis page.