SINGAPORE (Dec 21): City Developments (CDL) has sent out the offer documents for the buyout of Millennium & Copthorne (M&C) Hotels to the latter's shareholders.
The first close date for the transaction is Jan 23, 2018.
CDL is making a final cash offer of 620 pence (S$11.20) each for the 34.8% stake in London-listed hotelier it does not already own... (Click here to read the full story.)