Brascan extends Canary Wharf offer as it claims 22.2% of company

Brascan, through its takeover vehicle CWG Acquisition Ltd, said it has extended its offer for Canary Wharf Group plc until 19 April.

The group also said that as at April 8, it had received valid acceptances in respect of 22.2 pct of the issued share capital of Canary Wharf.

Both Brascan´s bid, and that of its rival Silvestor, a consortium led by US investment bank Morgan Stanley, value Canary Wharf at 275 pence per share.

Source: Freeman

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