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.

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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.

Corporations, Corporate finance, Gulf Canada Resources Ltd., Reichmann, Paul, family

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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.

Real estate developers, Economic aspects, Cases, Real estate industry, Commercial buildings, Bankruptcy, Reichmann, Paul, Olympia and York Canary Wharf Ltd.

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