The Merge Of Trizec And Horsham

720 words - 3 pages

The real estate industry has been hit hard in the 1990's. Many companies havebeen struggling to maintain their position in a rapidly decreasing real estate market. Thelargest Canadian based real estate company to experience an accumulation of debts is, theonce Calgary based, Trizec Corporations.1 Trizec Corporations is experiencing over 600million dollars worth of outstanding debts and was near bankruptcy until the Torontobased investment group, Horsham Incorporated, invested 600 million dollars in return for43% of the company in 1994.2 The merge between Trizec Corporations and HorshamIncorporated would benefit both companies and propel these two companies into futureEuropean projects.Trizec Corporations was established in 1960 in Calgary, Alberta. Now, under thecontrol of Gregory Wilkins, Trizec is the countries largest publicly traded real estategroup.3 Their assets consist of 85 properties world wide, including Place Ville Marie inMontreal and the U.S. based Hahn Company.4Horsham 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 assetsincluding Clark Refining and Marketing Incorporated, 20% of American Barrick and realestate in Berlin.5The proposal in 1994 had Horsham paying 500 million dollars to receive a portionof the debt that is convertible to common shares and then another 100 million dollars foradditional equity. The deal put a total value of 1.2 billion dollars into debt andoutstanding equity in Trizec.6 Horsham now owns 48% of Trizec and is trying to acquire52% which was recently approved by the boards of both companies. The new companyconsisting of these two groups will be renamed Trizec Hahn Corporation.7Both companies feel that the merge would benefit their future expansions becauseby investment from an outside source Trizec would be able to improve their position inthe real estate market. The deal would also allow Trizec to keep their management incontrol. Horsham believes that an investment in the largest real estate market in Canadawould initiate an attempt to salvage the real estate market.8The merge of these two companies would also allow both Horsham and Trizec tobecome more accessible to the European market. Horsham is using Trizec's real estateadvantage to expand in retail and commercial industries in Germany, Hungary, andCentral Europe. The...

Find Another Essay On The Merge of Trizec and Horsham

The Soul and Role of the Museum

1259 words - 5 pages The soul of a museum is the essence of identity by which it is defined; it is that which makes a museum a museum. The museum has identifiable requisites without which it would not be a museum. By using creative methods of exhibition, interpretation, and education as well as effective methods of collection and conservation, the museum becomes an integral aspect and a valuable resource in society. There are unique distinctions between the museum

The History and Future of the Internet

825 words - 3 pages The History and Future of the Internet Many believe the internet was an over night sensation, that one day, someone invented the internet and it spread in popularity faster than Tickle Me Elmo or the Macarena. Although the internet did have a surge of commercial popularity, with the invention of Mosaic and later with e-commerce, it was created many years ago with the development of military networking technologies. Also, the internet, unlike

The Meaning of The Mind and Soul

1059 words - 4 pages Death and immortality Since the times of Plato and before, humans have pondered the existence of a soul and the afterlife. I am going to present my argument for the existence of a soul and the potential for surviving one's physical death. For the purpose of my argument I will define that the meaning of the mind and soul are one and the same. The two main accepted views of the human condition are that of the physicalist and that of the dualist

The Articles of Confederation and the Consitution

1103 words - 4 pages In the history of the United States of America, our government has been defined by two very important documents. Reflecting on all governments of the past, they laid forth an impressive jumble of ideas that would lead the way to where we are today. These two documents are the Article of Confederation and the U.S Constitution. These two documents of precedent are both similar and unique, each with its own pros and cons, and neither being perfect

The Responsibilities of Congress and the President

1049 words - 4 pages In this module we have study modifications to the way Congress and the President do business. The Constitution lists specific duties for Congress to attend to; it is a little vaguer when assigning duties to the President. It is up to both of these institutions to best determine how to accomplish these duties. The major theme of this module is change, the addition of offices under the President and the modifications to the power distribution

Comparison of The Aztecs and The Incas

1550 words - 6 pages The Aztec’s and the Inca’s have many similarities such as religious beliefs, and views about gods. Inca’s views about training for war are different, and the Aztec’s artifacts are somewhat different to. The farm land compared to the Inca’s is differs also, because where the Aztec’s lived the land was elevated about ten thousand feet. The religious beliefs of the Aztec’s was bloody they believed they had to make many sacrifices to appease the

The Internet and the Future of Language

789 words - 4 pages Throughout the history of civilization, a new medium of linguistic communication has always brought significant changes in our way of communication as well. Such media are printing in the fifteen century, telegraph and telephone in the nineteen century, and finally television and the internet in the twentieth century. However, the sheer scale and the significance of the Internet have in sociolinguistic and stylistic complexity of the language is

The Father of Microbiology and the Microscope

604 words - 2 pages For a long time the circulatory system presented an impenetrable puzzle. People could observe arteries and veins, and see that these blood vessels branched out into smaller and thinner vessels. Some observers speculated that blood from the arteries returned to the heart through veins. However, they had had no means to investigate this. They had reached the limits of human sight. The invention of the single lens microscope by Leeuwenhoek, who was

The Environment And The Effects Of Globalization

912 words - 4 pages have policies toward the world market that protect the standards and regulations designed to improve the quality of life.In times of today there requires new paths that encourage exchanges of goods, capital, and people that enhance the social and environmental common good, and that discourage or stop those exchanges that undermine healthy communities, a clean environment , and dignified work. The elite consensus emphasis on leading with exports

The structure and composition of the atmosphere

528 words - 2 pages The Earth is surrounded by a blanket of air, which we call the atmosphere. It reaches over 560 kilometers (348 miles) from the surface of the Earth, so we are only able to see what occurs fairly close to the ground. Life on Earth is supported by the atmosphere, solar energy, and our planet's magnetic fields. The atmosphere absorbs the energy from the Sun, recycles water and other chemicals, and works with the electrical and magnetic forces to

Sectionalism And The Breakup Of The U.s

946 words - 4 pages Sectionalism and the Breakup of the U.S      Throughout the early 1800's the country was split in many areas over many issues. Some of the more severe clashes between differing groups resulting from such issues as slavery, expansion, and internal improvement. With all of these controversial topics to worry about along with the vast diversity in the nation, caused separation and tensions throughout the country

Similar Essays

The Mayor Of Casterbridge And Essay

1206 words - 5 pages The Return of the Native and The Mayor of Casterbridge both consist of plot twists, coincidences, and a series of minor and major climaxes. However, the time involved in the novels is very different. The Return of the Native may at first seem long because it contains many plot twists, but is it in fact very compact. The whole story takes place in only about a year. In contrast, The Mayor of Casterbridge takes place over a span of twenty years

The Nature And Role Of The Entrepreneur

2150 words - 9 pages history of economic theory, why do you think this occurred? Marshall believed that marginal utility theory (supported by Jevons, Menger, and Walras) was only a portion of what was necessary to appropriately determine value. Thus, he attempted to merge the ideas of the classical economists and the marginalists and asserted that his work successfully synthesized what was valid in each of the two schools of thought. Marshall, however, also claimed

The Causes And Effects Of The Crusades

644 words - 3 pages If you ask someone if they ever heard of the Crusades the answer will most likely be yes. Does that mean that they know what the Crusades are? No. Many Jewish people who don’t know much about the Crusades assume it was merely targeted against the Jews and it resulted in the death of countless Jews. Other than that they are oblivious to the true facts. So what were the Crusades? The Crusades were great military missions embarked on by the

The Identity And History Of The Caribbean

2174 words - 9 pages The Identity and History of the Caribbean The Caribbean is a vastly diverse area representing the effects of colonialism, slavery, and the combination of many cultures. Since the arrival of Europeans the Caribbean islands have been going through constant change. The loss of native peoples and the introduction of the plantation system had immediate and permanent reprocussions on the islands. The Plantation system set up a society which