Millennium & Copthorne shareholders r...

Millennium & Copthorne shareholders r…

Minority shareholders of Millennium & Copthorne Hotels (M&C) have rejected a bid from the majority stakeholder to acquire the reminder of shares in the global business. The M&C independent committee allowed the bid from Singapore-based City Developments Limited (CDL), which owns 65.2% of the company, to lapse on Friday, despite recommending minority shareholders accept the offer. […]

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