Canary Wharf Group PLC's independent committee today said it would...

Canary Wharf Group PLC's independent committee today said it would recommend to shareholders a new tentative offer of £1.5 billion ($2.58 billion) from a consortium led by Morgan Stanley Real Estate Funds. The committee rejected Morgan Stanley's initial offer and a subsequent offer by Brascan Corp. Morgan Stanley executives said they would not officially make an offer for London's second financial district unless the independent committee gave its approval.