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CDL's M&C offer yet to hit conditional acceptance threshold as deadline looms

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Published Wed, Jan 24, 2018 · 09:50 PM

Singapore

CITY Developments Ltd (CDL) on Wednesday reported that the percentage of valid acceptances for its takeover offer of London-listed Millenium & Copthorne Hotels (M&C) is still shy of the conditional acceptance threshold.

CDL said on Wednesday that it has received accepted offers representing just 44.2 per cent of shares not already owned or controlled by it.

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