Qatar reportedly won a bid to buy London's Canary Wharf for £2.6 billion ($4 billion) on Wednesday after its majority owner, Songbird Estates, recommended smaller shareholders accept the 350p per share offer. “It is now the board's understanding that each of the major shareholders intends to accept the offer,”Songbird said in a statement.
The board of Songbird, which controls 69 percent of Canary Wharf Group, appeared to concede defeat, although it added that “the offer does not reflect the full value of the business, its unique operating platform and its prospects.” Sovereign wealth fund Qatar Investment Authority (QIA), together with US group Brookfield Property Partners, had in December proposed an improved “final offer” for Songbird.
See article HERE
INC News, 28/01/2015 - via RussianTime
No comments:
Post a Comment