10th Nov 2014 10:02
LONDON (Alliance News) - Irish hotels company Dalata Hotel Group PLC on Monday confirmed it was holding talks with Moran & Bewley's Hotel Group about a possible reverse takeover.
Dalata said itd shares would be suspended from Monday until the talks over the possible deal are concluded, due to the deal constituting a reverse takeover.
The company said there is no certainty at present that any deal will be completed.
Dalata shares were last traded at EUR2.89.
By Sam Unsted; [email protected]; @SamUAtAlliance
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