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Sat 05 May 2004Offer of €113m tabled for GreshamThe three investors seeking to take over Gresham have tabled an offer of up to €113 million for the hotel group, six months after negotiations on the matter began.Precinct Investments said yesterday that it would pay €1.30 for each Gresham share if it could secure acceptances in respect of 54 per cent of the company's shares. This would rise to €1.35 if the acceptance rate could be lifted to 80 per cent.