Royal Host quits bitter takeover battle for CHIP

Article Abstract:

Royal Host Real Estate Investment Trust has called off its plan to acquire all the units of Canadian Hotel Income Properties (CHIP) of Vancouver, British Columbia. The planned takeover was abandoned following the approval of CHIP unitholders to sell 5 million units at C$10 each to the Belkin family, which made the investment through the family holding company Belkorp Industries Inc. The acquisition has made the Belkin family the largest unitholder in CHIP with a 34% equity stake.

Offices of Bank Holding Companies, Real Estate Invest Trusts, Real Estate Investment Trusts, Investment Holding Companies, Belkorp Industries Inc., Canadian Hotel Income Properties

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RT's key clients back UBS deal

Article Abstract:

RT Capital Management Inc.'s main clients support the company's sale to UBS AG.

Commercial Banks, Commercial Banking, Switzerland, Banking industry, Mergers, acquisitions and divestments, UBS AG, RT Capital Management Inc.

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