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CDL moves to quell disquiet among shareholders

Directors' recommendation to accept CDL's proposed cash offer comes under fire

Singapore

AS a shareholder revolt hangs over City Developments' (CDL's) proposed £1.8 billion (S$3.2 billion) takeover offer for sister company Millennium & Copthorne Hotels (M&C), CDL has moved to soothe claims that it is buying minorities out on the cheap.

In a letter to...

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