13 Jan 2015
(MENAFN) The owner of London’s Canary Wharf financial district said that it has advised its investors to reject the USD4 billion takeover bid made by Qatar Investment Authority (QIA), along with its US investor Brookfield Property Partners, because the offer undervalued the company and its prospects, Gulf Daily News reported.
“The board remains unmoved in its view that the offer does not reflect the full value of the business, its unique operating platform and its prospects,” Songbird independent chairman said.
Songbird said that the other major shareholders, New York-based investor Simon Glick, sovereign wealth fund China Investment Corporation and Morgan Stanley, which own more than 50 percent among them, are still evaluating the offer made by QIA, which itself owns 28.6 percent of Songbird.
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
26 Jan 2026
BBK Enhances Autumn Fair 2026 Experience with Customized Rewards and Premium Services
This website uses cookies to ensure you get the best experience and by clicking “I Accept” below, you consent to the use of cookies. Learn more