Brascan Proposes Canary Wharf Acquisition

Brascan Corp. has proposed to acquire Canary Wharf Group PLC, London, on behalf of CWG Acquisition Ltd., and although its offers have been rejected so far, CWG is still "considering its options," according to the corporation."There can be no certainty that any offer by CWG Acquisition for Canary Wharf will ultimately be made," Brascan reported. "A further announcement will be made when and if appropriate." Brascan can be found online at http://www.brascancorp.com.