| The owner of the Canary Wharf office and retail development said on Wednesday that its largest shareholders had voiced support for a hostile bid for the company by Qatar’s sovereign wealth fund and Brookfield Property Partners.
With the show of support, Brookfield and the wealth fund, the Qatar Investment Authority, are likely to succeed in their bid to acquire Songbird Estates, which has a controlling stake in the Canary Wharf Group development. They made a final, all-cash offer last month for all of Songbird’s outstanding shares that valued the company at 2.6 billion pounds, or about $3.9 billion...............................................Full Article: Source
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