<div class=newsTextDataWrapInner>SINGAPORE (Oct 10): Brokers are unanimously positive on City Developments' potential offer for Millennium &amp; Copthorne Hotels, given that the acquisition will be value accretive to the group.</div>

<div class=newsTextDataWrapInner>On Monday, the developer announced it is offering 552.5 pence each for the remaining shares in M&amp;C it does not own, in a deal which values the hotel group at £1.8 billion (S$3.2 billion).</div>

<div class=newsTextDataWrapInner>In a Tuesday report, Maybank Kim Eng analyst Derrick Heng observes that the offer price of 552.5 pence is at a 21.4% premium over its latest closing of 455 pence... <a href="https://www.theedgesingapore.com/investing/millennium-copthorne-privatisation-unlocks-value-city-developments-say-analysts" target="_blank">(Click here to read the full story.)</a></div><div class=inPageAd id=div-gpt-ad-inpage></div>

SINGAPORE (Oct 10): Brokers are unanimously positive on City Developments' potential offer for Millennium & Copthorne Hotels, given that the acquisition will be value accretive to the group.

On Monday, the developer announced it is offering 552.5 pence each for the remaining shares ...

Millennium & Copthorne privatisation unlocks value for City Developments, say analysts

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