The Irish Takeover Panel has extended the deadline for Precinct Investments to make a formal offer for the Jurys Doyle Hotel group by two weeks.
The panel said Jurys had requested a 14-day extension in order to allow them consider fully Precinct Investment's latest offer.
On Wednesday Precinct Investments said it had put forward a third takeover proposal to the hotelier, valuing the group at about €1.04 billion.
Precinct said in a statement it was offering €16.50 for each Jurys share. Jurys had rejected a second approach from Precinct last month of €16.25 per share.