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