Anonymous ID: 66dcac March 23, 2019, 1:34 p.m. No.5850225   🗄️.is 🔗kun

>>5849401 (PB)

 

Bronfman, Munk and Chicago

 

Prior to the 2006 acquisition by Brookfield Properties, the owner was Peter Munk, who acquired the company through a highly publicized reorganization in 1994.

 

In the 1970s the Toronto branch of the Bronfman family acquired a 50.1% controlling interest in Trizec through their holding company, Edper Investments. In the 1980s Trizec acquired The Hahn Company. In 1984 TrizecHahn acquired a controlling interest in Toronto-based property developer Bramalea Ltd.. After acquiring some $5 billion worth of debt to finance rapid expansion during the 1980s property boom, Bramalea collapsed in the early 1990s, and in 1995 its US subsidiary went bankrupt in the largest bankruptcy of a US house developer. With restructuring of Trizec during this time, Edper's equity was reduced to a nominal amount. Trizec Corporation was purchased by Horsham Corporation in 1994,[7] and moved its headquarters from Calgary to Toronto. Horsham Corporation and Trizec Corporation were amalgamated in 1996 to form TrizecHahn Corporation,[8] with the name change reflecting the previous acquisition of The Hahn Company.

 

By early 2000, 80% of TrizecHahn's revenues originated from the United States. For that reason, the company moved its headquarters to Chicago and sold all holdings it held in Canada. At a later point its name changed back to Trizec.

 

https://en.wikipedia.org/wiki/Trizec_Properties