For sale: Cadillac switches to Plan B

Article Abstract:

Cadillac Fairview Corp CEO Bruce Duncan says Canada's leading mall owner is being sold to enhance shareholder value. Duncan says the company's stock has been performing badly even as it has grown through acquisitions and cash flow has increased. While selling may appear to be an unusual solution, observers say the company is being sold because of a tenuous alliance between the company's three controlling shareholders.

Land Subdivision and Land Development, Asset sales & divestitures, Shopping Center Developers, Cadillac Fairview Corp.

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Deloitte resigns as Dundee auditor

Article Abstract:

Deloitee and Touche LLP has resigned as auditor of the both the investment banking firm Dundee Bancorp Inc and real estate company Dundee Realty Corp. The accounting firm has resigned after it learned that Dundee Bancorp is planning to put its auditing contract for tender in 1999. Deloitte has signed the investment company's and Dundee Realty's financial statements for 1998, providing unqualified opinions.

Investment Banking and Securities Dealing, Use of services, Investment Banking, New orders received, Real Estate, Real Estate and Rental and Leasing, Accounting & Auditing Services, Accounting, Tax Preparation, Bookkeeping, and Payroll Services, Investment banks, Dundee Realty Corp., Dundee Bancorp Inc.

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