The Merger Of Trizec Corporations And Horsham Incorporated
Beginning of paper
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 Corpora ....
Middle of paper
.... the U.S. based Hahn Company.4
Horsham Incorporated is led by Peter Munk who owns 10% of the equity and 80% of votes through ownership of multiple voting shares. Horsham Incorporated has assets including Clark Refining and Marketing Incorporated, 20% of American Barrick and real estate in Berlin.5
The proposal 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. T ....
------------------
Word count: 659
Page count: 3 (approximately 250 words per page)
