Holders of 28% of Songbird Estate's free float back bid
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London
A BID for Songbird Estates plc, owner of London's Canary Wharf financial district, by Qatar Investment Authority (QIA) and Brookfield Property Partners LP is supported by investors holding 28 per cent of the company's shares that are actively traded.
Madison International Holdings, owner of 12 per cent of the free float, said that it will accept the 350-pence-a-share bid, selling its 2.5 per cent stake, said a statement on Monday from QIA.
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