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Millennium & Copthorne Shares Cease Trading On London Market

Fri, 11th Oct 2019 09:15

(Alliance News) - Millennium & Copthorne Hotels PLC left the London Stock Exchange on Friday following its takeover by City Developments Ltd.

The two agreed in June a 685 pence per share bid for the 44% of M&C that City Developments did not already own. The deal valued the entire hotel chain at GBP2.23 billion.

In August, M&C reported a 29% drop in pretax profit for the first half of 2019, as revenue slipped 1.0% to GBP472 million, mainly due to refurbishments at two hotels.

By George Collard; georgecollard@alliancenews.com

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Millennium & Copthorne Hotels Share News (MLC)

Millennium & Copthorne Shares Cease Trading On London Market

Dividends Calendar - Week Ahead

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Dividends Calendar - Week Ahead

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FTSE 250 movers: Telecity jumps 20% on £2.3bn Equinix offer

LONDON MIDDAY BRIEFING: Morrison Sales Continue To Decline

WINNERS & LOSERS: Morrisons Sales Decline Sinks Shares

TOP NEWS: Morrisons Sales Fall As New CEO Begins Turnaround

Millenium & Copthorne profits suffer from New York labour negotiations

BUZZ-M&C Hotels: Falls as Q1 disappoints

REPEAT: LONDON MORNING BRIEFING: TeleCity Jumps 20% On Takeover Offer

LONDON MORNING BRIEFING: TeleCity Shares Jump 20% On Takeover Offer

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