Canary Wharf Owner Says Qatar Bid Not Full Value

The transcript discusses a revised offer for Songbird Estates' Canary Wharf business by Qatar Investment Authority and Brookfield. Songbird Estates is not satisfied with the offer, claiming it undervalues the company. The offer includes a 33.6% premium over Songbird's closing price before the initial bid. The situation involves complex financial and market dynamics, with ongoing bidding activities.

What was Songbird Estates' initial reaction to the revised offer for their Canary Wharf business?

• They decided to make a counteroffer.

• They immediately accepted the offer.

• They felt the offer did not reflect full value.

• They were very impressed.

Who made the revised offer for Songbird Estates' Canary Wharf business?

• Qatar Investment Authority and Brookfield

• London Stock Exchange

• New York Investment Group

• European Union

What percentage of Brookfield did the Qatar Fund agree to buy?

• 9%

• 5%

• 20%

• 15%

What was the premium percentage offered over Songbird's closing price?

• 25.4%

• 30.2%

• 40.1%

• 33.6%

What is the cash offer per share made by the companies for Songbird?

• 300 pence

• 350 pence

• 450 pence

• 400 pence