The Merge of Trizec and Horsham

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 600 million dollars worth of outstanding debts and was near bankruptcy until the Toronto based investment group, Horsham Incorporated, invested 600 million dollars in return …

…October 1996, sec B, p. 1,12. Bibliography                  Freeman, Alan. (1996, October 4). Horsham Properties bring royal touch to German project. The Globe and Mail, sec. B, p.1,12.         Horsham offer for 52% of Trizec approved. (1996, September 30). The Globe and Mail, 10.         Meyer, John. (1985). Trizec-A Tradition of Excellence. Calgary: Corporate and Public Relations.         Noble, Kimberley. (1994, March 29). Horsham throws Trizec a lifeline. The Globe and Mail, sec. B, p. 1,15.         Robertson, Hugh. (1995). The Research Essay. Toronto: McGraw-Hill Ryerson Ltd. The Merge of Trizec and Horsham