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Evening Standard
Evening Standard
Business
Jonathan Prynn

Tritax bid battle takes fresh twist with new £1.1 bn cash offer from Brookfield

The Canadian co-owners of Canary Wharf today made a dramatic intervention in the takeover battle for specialist property company Tritax EuroBox with a recommended £1.1 billion cash bid that trumped a previous offer from warehouse developer Segro.

Toronto headquartered Brookfield, which is 50% owner of Canary Wharf alongside the Qatari Investment Authority and has around $1 trillion of assets under management, has offered 69p in cash. That represents a 6% premium to the Segro all share proposal which was worth 65.1p to Tritax shareholders.

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