Tightening circles
Article Abstract:
Many lawyers, investment bankers, bond traders and other investors hope to make a profit from the financial problems of Olympia & York Development (O&Y). Some hope to buy O&Y assets or bonds at bargain prices, while others seek fees for consulting services.
Publication Name: Maclean's
Subject: News, opinion and commentary
ISSN: 0024-9262
Year: 1992
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Squeeze play
Article Abstract:
The Reichmann brothers, owners of the financially troubled real-estate firm Olympia & York Developments Ltd, are struggling to reduce their $14.3 billion debt. The brothers are trying to sell their 65% share of Home Oil Ltd for $600 million.
Publication Name: Maclean's
Subject: News, opinion and commentary
ISSN: 0024-9262
Year: 1992
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Last flight of a canary
Article Abstract:
The Canary Wharf (London, England) development of Olympia and York is in bankruptcy. A decline in demand and economic troubles contributed to the filing. The developer has defaulted on loans in Canada and the US also.
Publication Name: Maclean's
Subject: News, opinion and commentary
ISSN: 0024-9262
Year: 1992
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