Qatar Investment Authority and Brookfield Property Partners LP have raised their offer for Songbird Estates Plc, which owns a majority stake in Canary Wharf Group, to 350 pence a share from their previous offer of 295 pence a share.
The new offer values Songbird at £2.6 billion. The latest offer can’t be raised, the companies said. They described the price as “full and fair.”
QIA has also taken a 9% stake in Brookfield in the form of preferred shares, with the stake valued at $1.8 billion.
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