Songbird Estates appeal to shareholders over Canary Wharf bid
Songbird Estates yesterday told shareholders to take no action on a £2.6billion takeover bid in a battle for control of London’s Canary Wharf.
Songbird Estates have asked shareholders to take no action on the bid for Canary Wharf
The Qatar Investment Authority and Canada’s Brookfield Property Partners published their final offer document.
Songbird said the 350p-per-share bid did not “reflect the full value of the company, its unique operating platform and future growth potential”. It urged investors to do nothing before its official response within 14 days. Shares in Songbird fell 5½p to 315p.