Paul Reichmann resigned today as a director of Canary Wharf, effective immediately. Mr. Reichmann was the developer of Canary Wharf, which was sold to a group called Songbird, led by Morgan Stanley and its real estate funds, for $4.2 billion. Mr. Reichmann was part of a consortium led by Brascan, whose offer for Canary Wharf was rejected. Shareholders have until June 4 to accept Songbird's offer, although it already has approval of 60.9% of the shares, more than the 54% needed for approval. The deal is expected to close soon after the offer's official acceptance.