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2 fund management firms oppose CDL's takeover bid for M&C

London

TWO fund management firms have joined an investor revolt against the planned 1.8 billion pound (S$3.2 billion) takeover of Britain's Millennium & Copthorne Hotels (M&C) by City Developments Limited (CDL) , its majority shareholder.

International Value Advisers (IVA) and MSD Partners, which own 7...

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