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| Name | Symbol | Market | Type |
|---|---|---|---|
| Barclays PLC | NYSE:BCS | NYSE | Depository Receipt |
| Price Change | % Change | Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|
| -0.01 | -0.10% | 10.24 | 10.295 | 10.155 | 10.19 | 21,804,985 | 22:14:00 |
From May 2019 to May 2024
LONDON--U.K. real-estate company Songbird Estates PLC, which owns 69% of Canary Wharf Group, said Thursday it had received a preliminary joint bid approach from Qatar Investment Authority and Brookfield Property Partners LP.
Shares in Songbird, which said its board would consider the approach, soared on the news, trading 12% higher at 294 pence at 13:22 GMT.
Qatar Investment Authority already owns a 28.6% stake in Songbird Estates, while Brookfield holds about a 22% stake in Canary Wharf Group, which owns the Canary Wharf development in London.
The consortium has until 17:00 GMT on Dec. 4 to either bid for Songbird or withdraw.
Canary Wharf, an area outside London's traditional financial district, has grown since 1990 from derelict docks into a vast estate of modern office buildings. The area includes offices of Barclays PLC and HSBC Holdings PLC.
Write to Tapan Panchal at Tapan.Panchal@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
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