Examples of TrizecHahn Corporation in a sentence
On May 8, 2002, TrizecHahn Corporation (“TrizecHahn”) completed a Plan of Arrangement (“the Arrangement”) under the Business Corporations Act (Ontario) that resulted in Trizec Properties, which owned all of TrizecHahn’s U.S. assets together with certain non-U.S. assets, becoming a United States publicly-traded REIT.
Prior to the effective date of the corporate reorganization, TrizecHahn Corporation will contribute to THUSA all retail and entertainment assets, which are owned by TrizecHahn Developments Inc., or THDI.
Cancelled TrizecHahn Corporation options that are in respect of services provided to THUSA are to be replaced with options to purchase our common stock.
Mr. Munk disclaims beneficial ownership of the shares of Barrick owned by TrizecHahn Corporation.
Certain U.S. technology center assets that were included in our combined consolidated financial statements but held directly by TrizecHahn Corporation were transferred to THUSA.
We have assumed that the following shares of stock will be outstanding at the effective date of the corporate reorganization: o 149,349,698 shares of common stock; o 100 shares of special voting stock; o 100,000 shares of Class F convertible stock; The estimated number of shares of THUSA common stock is based on the actual number of TrizecHahn Corporation subordinate voting shares and multiple voting shares outstanding as of December 31, 2001.
Upon completion of this corporate reorganization, we expect to become a publicly traded real estate investment trust, or REIT, and to own all of the U.S. assets that TrizecHahn Corporation currently owns, directly or indirectly.
Based on an estimate of 7.5 million options to be issued, and using $15.70 per share, which is the closing price of TrizecHahn Corporation subordinate voting shares on the New York Stock Exchange on December 31, 2001, the intrinsic value of these options for the purpose of this pro forma balance sheet has been estimated to be $4,442.
THUSA will incur compensation expense for the vested options of TrizecHahn Corporation that are to be exchanged for our vested options.
To effect the contribution, TrizecHahn Corporation will contribute THDI common stock and inter-company debt owed to it of $230,873 in exchange for newly issued shares of THUSA Class C convertible preferred stock.