Canary Wharf: cash-and-share price ‘hypothetical’

In a letter to shareholders reiterating the independent committee’s support for the rival 295p-a-share offer from Morgan Stanley’s Songbird consortium, Jacomb said the 348p offer from Brascan’s CWG Acquisition (CWGA) consortium was ‘not available to all shareholders but only in respect of a maximum of 15.4% of Canary Wharf shares’. ...

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