Morgan Stanley mulls Canary Wharf options as rival Brascan posts offer papers

The Morgan Stanley-led consortium bidding for Canary Wharf Group plc said it continues to 'consider actively its options' after rival bidder Brascan posted its offer documents to shareholders.

Both Brascan, a Canadian property group, and Morgan Stanley have bid 275 pence per share for the London dockland developer, valuing the company at about 1.6 bln stg.

After an announcement from Brascan that it had sent details of its bid to shareholders, Morgan Stanley´s investment vehicle Silvestor UK Properties reiterated there was no certainty it would make a revised or alternative proposal.

Source: Freeman News

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