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Quintain in the firing line as Lone Star look to pounce with ‘Fair Value’ £700m bid

The last 9 months have seen a variety of big name takeover deals, some successful and some that have fallen at the last stage. The biggest, undoubtedly, has been the takeover of Canary Wharf thanks to the combined aggressive pursuit from Brookfields Property Partners and The Qatari Investment Authority. The deal seemed highly unlikely at one point, but was confirmed at 350p per share, far less than the estimated value of 500p+ per share. The chance to sell a highly illiquid asset was too good to turn down.