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The Merger Of Trizec Corporations And Horsham Incorporated
Part 1 of Paper ....o maintain their position in a rapidly decreasing real estate market. The largest Canadian based real estate company to experience an accumulation of debts is, the once Calgary based, Trizec Corporations.1 Trizec Corporations is experiencing over 600 million dollars worth of outstanding debts and was near bankruptcy.... Part 2 of Paper ....osal in 1994 had Horsham paying 500 million dollars to receive a portion of the debt that is convertible to common shares and then another 100 million dollars for additional equity. The deal put a total value of 1.2 billion dollars into debt and outstanding equity in Trizec.6 Horsham now owns 48% of Trizec and is trying to acquire 52% which was recently approved by the boards of both companies. The new company consisting of these two groups will be renamed Trizec Hahn Corporation.7 Both co.... |
Number of words: 659 - Approximate pages: 3 |
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