Gresham confirms bid talks ongoing

13 April 2012

A DIP in the share price of Gresham Hotels yesterday prompted confirmation today that takeover discussions are still 'ongoing' with a consortium that pitched an upwardly revised offer of e1.45 a share last month.

The Irish hotelier, whose main asset is Dublin's Gresham hotel, has been at the centre of speculation since Israeli investor Red Sea Hotels built up a 28% stake last autumn.

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