Ho­tel firm shares surge af­ter of­fer

Yorkshire Post - Business - - BUSINESS -

TAKEOVER: Shares in Mil­len­nium & Copthorne Ho­tels surged af­ter it agreed to a pos­si­ble takeover of­fer from its ma­jor­ity own­ers that val­ues the busi­ness at nearly £1.8bn.

City De­vel­op­ments, which cur­rently owns 65.2 per cent of the firm, is hop­ing to buy all the out­stand­ing or­di­nary shares.

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