Tuesday 24 December 2024
 
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Songbird

Canary Wharf plans to reject $4bn Qatar takeover

The owner of London's Canary Wharf financial district advised its investors to reject a Qatari-led $4 billion takeover bid on Monday, saying the offer undervalued the company and its prospects. Songbird Estates said the 350 pe

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‘Too early to know shareholder intentions on Qatari bid’: Songbird

Songbird Estates, the subject of a 2.6 billion pound ($4 billion) hostile takeover bid from a Qatari-led group, said it was too early to speculate on the intentions of the majority of its shareholders. The company, the owner of Lo

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Canary Wharf owner rejects new $4bn bid from Qatar

The owner of London's Canary Wharf, a major business district, rebuffed a raised GBP2.6 billion ($4.1 billion) bid for the financial district from Qatar and a North American investor saying it was too low. Songbird Estates sai

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Canary Wharf worth $4.4bn more than takeover offer

Songbird Estates, the majority owner of London's Canary Wharf, said an upturn in property markets means it is now worth 2.82 billion pounds ($4.42 billion), more than the takeover offer from Qatar Investment Authority (QIA) and Brookfield Pr

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Canary Wharf owner rejects Qatar fund bid

Songbird Estates, the majority owner of London's Canary Wharf, has rejected a 2.2 billion pound ($3.5 billion) takeover proposal from Qatar Investment Authority and Brookfield Property Partners, saying it "materially undervalued" t

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Canary Wharf owner rejects Qatar fund bid

Songbird Estates, the majority owner of London's Canary Wharf, has rejected a 2.2 billion pound ($3.5 billion) takeover proposal from Qatar Investment Authority and Brookfield Property Partners, saying it "materially undervalued" t

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Qatar hikes stake in Canary Wharf owner

Songbird Estates, majority owner of Canary Wharf Group, said on Wednesday its two biggest shareholders, Qatar Holding and Simon Glick had increased their stakes in the company. Qatar Holding, a subsidiary of the country's sovereign wealth

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Qatar needs big premiums over UK asset plans

Qatar will have to charm demanding shareholders and stump up a big premium if it wants to add London business district Canary Wharf to a UK investment shopping spree as the capital's prime office market rebounds. Qatar Investment Autho

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