Millennium & Copthorne Hotels (M&C)

Year-to-date, CDL’s share price has rebounded some 20%, outperforming the STI's 7%.

SINGAPORE (June 11): Jefferies Singapore is keeping its “buy” recommendation on City Developments (CDL) with an unchanged target price of $12.00, amid a new takeover offer to acquire the remaining 34.8% stake in Millennium & Copthorne Hotels (M&C) for

SINGAPORE (Apr 6): CDL Hospitality Trusts (CDL HT) is embracing automation amid a general lull in its local operations. The profitability of its Singapore hotels has been on a downtrend for the last five years, in line with the broader sector.

SINGAPORE (Jan 28): City Developments has failed in its takeover bid of Millennium and Copthorne Hotels (M&C Hotels).

SINGAPORE (Jan 17): City Developments says it is not extending its Jan 26 deadline for its offer to privatise Millennium & Copthorne Hotels.

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

SINGAPORE (Oct 20): The independent directors of Millennium & Copthorne Hotels have agreed to support City Development’s takeover offer of 552.5 pence in cash.

SINGAPORE (Oct 10): Brokers are unanimously positive on City Developments' potential offer for Millennium & Copthorne Hotels, given that the acquisition will be value accretive to the group.