Canary Wharf resigned to Qatari takeover

Canary Wharf owner Songbird is resigned to being taken over by the Qatar Investment Authority and Brookfield Property Partners.

Songbird Estates said the 350p per share offer still under-valued the company.

But the three major shareholders in Songbird are now understood to have accepted the offer while no rival bid has been forthcoming.

Winning backing from the trio of biggest shareholders means QIA and Brookfield would control 85% of the company.

Songbird is now recommending that remaining shareholders accept the offer or face being squeezed out of the company.

This entry was posted by admin, on at and is filed under Uncategorized. Comments are currently closed.