Singaporean real estate company City Developments has made a final offer to buy out shareholders of London - based hotel chain Hilton & Copthorne . The Millenium ... The deal , which would be worth $ 2.84bn , will go through if over half of the remaining shareholders agree , and would be for £ 6.85 ( $ 8.67 ) per share , a 37 % increase from the closing price of £ 5 on 6 June . The hospitality firm , which operates 135 locations in the UK , the Middle East and New Zealand among other countries , is already 50 % owned by City Developments , Singapore 's second largest realtor .
Singaporean real estate company City Developments has made a final offer to buy out shareholders of London - based hotel chain Hilton & Copthorne . The deal , which would be worth $ 2.84bn , will go through if over half of the remaining shareholders agree , and would be for £ 6.85 ( $ 8.67 ) per share , a 37 % increase from the closing price of £ 5 on 6 June . The hospitality firm , which operates 135 locations in the UK , the Middle East and New Zealand among other countries , is already 50 % owned by City Developments , Singapore 's second largest realtor .