Gresham Hotel Group has issued a statement confirming that there is no change to the revised takeover approach announced on 6 February.
The move came after Gresham shares dipped 16% yesterday on fears that the Deloitte-led takeover effort was crumbling.
In an announcement to the Irish Stock Exchange yesterday evening Gresham said talks with a consortium of investors on a possible offer for the company are still going on and that there was no change to last month's revised approach of €1.45 per share.