SINGAPORE (June 7): City Developments (CDL) has launched another takeover bid for Millennium & Copthorne Hotels (M&C).

The latest move comes after CDL built up a 65.2% stake in M&C.

CDL says the offer price will remain at the pre-conditional final cash offer price of 685 pence ($11.89) per share offer for the remaining 34.8% of M&C.

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