SINGAPORE (Dec 9): Millennium & Copthorne Hotels has agreed to a sweetened takeover offer from City Developments.

City Developments, majority shareholder of M&C, offered 620 pence per share in cash to acquire the 34.8% of the hotelier that it does not already own.

This is 12.2% higher than CDL’s 552.5 pence per share cash proposal, announced on Oct 9... (Click here to read the full story.)