News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Brascan ups the ante at Canary

The battle for Canary Wharf intensified on Thursday when Brascan, the Canadian property company, moved to scupper a bid from rival Morgan Stanley.

Brascan's new 275p a share bid values Canary Wharf at £1.6bn (€2.4bn), matching an agreed offer made last week by Silvestor UK Properties, a bidding vehicle formed by a Morgan Stanley-led consortium.

WSJ Logo