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The Merger Of Trizec Corporations And Horsham Incorporated
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The real estate industry has been hit hard in the 1990’s. Many companies have been struggling to 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 6 ....
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....otal 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 companies feel that the merge would benefit their fu.... |
| Word count: 659 |
Page count: 3 |
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