The Literature Network - Canary Wharf group rejects bids for London development

Canary Wharf group rejects bids for London development

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From: AP Worldstream
Date: 20031112
Author:ROBERT BARR, Associated Press Writer

ROBERT BARR, Associated Press Writer
AP Worldstream
11-12-2003
Dateline: LONDON
Canary Wharf Group has rejected two takeover offers for the east London office development, chairman Paul Reichmann said Wednesday, announcing that he would pursue his own bid.

The company turned down indicative offers from Brascan Corp. of Toronto and a consortium including New York entrepreneur Simon Glick.

Reichmann, who temporarily stepped aside as chairman, said Brascan was still in the running if he failed in his own efforts. Martin Jacomb, who took over as chairman, said discussions with Glick's group had ...

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